Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) to Issue Monthly Dividend of $0.18

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, September 2nd. Stockholders of record on Monday, September 14th will be given a dividend of 0.18 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Monday, September 14th.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 0.1%

NYSE:AIO opened at $25.79 on Thursday. Virtus Artificial Intelligence & Technology Opportunities Fund has a one year low of $20.91 and a one year high of $28.60. The stock has a 50-day simple moving average of $26.27 and a 200 day simple moving average of $25.00.

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

Several institutional investors and hedge funds have recently modified their holdings of AIO. Cetera Investment Advisers acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at about $683,000. Northwestern Mutual Wealth Management Co. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth approximately $25,000. Raymond James Financial Inc. raised its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% during the second quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock worth $2,669,000 after acquiring an additional 8,776 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth approximately $275,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 290,542 shares of the company’s stock worth $7,212,000 after acquiring an additional 24,009 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.