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

Shares of Virtus Total Return Fund Inc. (NYSE:ZTR) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $6.65 and traded as low as $6.27. Virtus Total Return Fund shares last traded at $6.33, with a volume of 80,896 shares traded.

Virtus Total Return Fund Price Performance

The stock’s 50 day simple moving average is $6.43 and its two-hundred day simple moving average is $6.65.

Virtus Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a $0.0550 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, November 12th.

Hedge Funds Weigh In On Virtus Total Return Fund

Institutional investors have recently bought and sold shares of the company. Abel Hall LLC bought a new position in shares of Virtus Total Return Fund during the 3rd quarter worth $60,000. Onyx Bridge Wealth Group LLC purchased a new stake in Virtus Total Return Fund in the 3rd quarter worth about $62,000. Shaker Financial Services LLC bought a new stake in Virtus Total Return Fund in the 3rd quarter valued at about $181,000. Ameritas Advisory Services LLC raised its stake in Virtus Total Return Fund by 70.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 25,403 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 10,521 shares during the period. Finally, Advisory Solutions Group LLC bought a new stake in Virtus Total Return Fund in the 2nd quarter valued at about $100,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

About Virtus Total Return Fund

Virtus Total Return Fund (NYSE: ZTR) is a closed-end investment fund designed to pursue total return through a combination of current income and capital appreciation. Rather than operating as a traditional company, the fund invests shareholder capital in a diversified portfolio of securities.

The fund may invest in equity securities, fixed-income instruments, convertible securities and other investments issued by companies and governments in the United States and international markets.