Virtus Total Return Fund (NYSE:ZTR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.75 and traded as high as $6.79. Virtus Total Return Fund shares last traded at $6.7750, with a volume of 62,393 shares traded.

Virtus Total Return Fund Trading Up 0.4%

The stock has a 50-day moving average price of $6.77 and a 200 day moving average price of $6.75.

Virtus Total Return Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZTR. CWM LLC increased its position in shares of Virtus Total Return Fund by 854.9% during the fourth quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock worth $48,000 after acquiring an additional 6,788 shares in the last quarter. HRT Financial LP acquired a new position in Virtus Total Return Fund in the 4th quarter worth $63,000. Bayban bought a new position in Virtus Total Return Fund during the 4th quarter worth about $65,000. Closed End Fund Advisors Inc. bought a new position in Virtus Total Return Fund during the 4th quarter worth about $66,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Virtus Total Return Fund by 21.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 2,982 shares during the period. Institutional investors own 47.14% of the company’s stock.

About Virtus Total Return Fund

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).