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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, March 4th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.15 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, May 11th.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

NYSE:AIO opened at $22.89 on Thursday. The company’s 50-day moving average price is $22.73 and its 200-day moving average price is $23.37. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $16.18 and a twelve month high of $25.47.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Spire Wealth Management purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at approximately $32,000. Cetera Investment Advisers acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth $683,000. Alteri Wealth LLC boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.5% during the second quarter. Alteri Wealth LLC now owns 15,795 shares of the company’s stock worth $392,000 after buying an additional 1,750 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 5.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 141,197 shares of the company’s stock valued at $3,505,000 after buying an additional 7,497 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after acquiring an additional 23,695 shares during the last quarter.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.