Virtus Artificial Intelligence & Technology Opportunities Fund Plans Monthly Dividend of $0.15 (NYSE:AIO)

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.15 per share on Tuesday, January 30th. This represents a $1.80 annualized dividend and a dividend yield of 10.66%. The ex-dividend date of this dividend is Thursday, January 11th.

Virtus Artificial Intelligence & Technology Opportunities Fund has increased its dividend payment by an average of 174.9% per year over the last three years.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

AIO opened at $16.88 on Tuesday. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $15.09 and a 52-week high of $19.08. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $17.36.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 2.2% during the third quarter. Royal Bank of Canada now owns 267,681 shares of the company’s stock valued at $4,420,000 after buying an additional 5,778 shares during the period. Ameriprise Financial Inc. grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 138.6% in the third quarter. Ameriprise Financial Inc. now owns 242,250 shares of the company’s stock worth $3,999,000 after purchasing an additional 140,717 shares during the period. LPL Financial LLC grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 5.2% in the third quarter. LPL Financial LLC now owns 50,967 shares of the company’s stock worth $841,000 after purchasing an additional 2,527 shares during the period. Brick & Kyle Associates purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $1,205,000. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $232,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.