Virtus Total Return Fund (NYSE:ZTR) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.74 and traded as high as $6.85. Virtus Total Return Fund shares last traded at $6.7650, with a volume of 196,946 shares traded.

Virtus Total Return Fund Trading Down 0.1%

The stock’s fifty day moving average price is $6.74 and its 200-day moving average price is $6.69.

Virtus Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.055 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC boosted its position in Virtus Total Return Fund by 2.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,246,096 shares of the investment management company’s stock worth $7,850,000 after acquiring an additional 24,583 shares during the period. Saba Capital Management L.P. acquired a new stake in shares of Virtus Total Return Fund during the first quarter worth approximately $7,512,000. Private Advisor Group LLC grew its position in Virtus Total Return Fund by 4.2% during the first quarter. Private Advisor Group LLC now owns 351,813 shares of the investment management company’s stock valued at $2,329,000 after purchasing an additional 14,238 shares in the last quarter. Sculptor Capital LP grew its position in Virtus Total Return Fund by 9.8% during the second quarter. Sculptor Capital LP now owns 346,864 shares of the investment management company’s stock valued at $2,161,000 after purchasing an additional 30,833 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Virtus Total Return Fund by 33.9% during the second quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company’s stock valued at $2,108,000 after purchasing an additional 85,767 shares in the last quarter. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).