Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Passes Below 200 Day Moving Average – Here’s Why

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.96 and traded as low as $5.82. Virtus Global Dividend & Income Fund shares last traded at $5.84, with a volume of 158,672 shares.

Virtus Global Dividend & Income Fund Stock Performance

The business’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $5.96.

Institutional Trading of Virtus Global Dividend & Income Fund

Several large investors have recently made changes to their positions in ZTR. Penserra Capital Management LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter valued at about $10,857,000. Absolute Investment Advisers LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the fourth quarter valued at approximately $9,355,000. Yakira Capital Management Inc. increased its holdings in shares of Virtus Global Dividend & Income Fund by 3.2% in the fourth quarter. Yakira Capital Management Inc. now owns 1,182,731 shares of the investment management company’s stock valued at $6,931,000 after purchasing an additional 36,170 shares in the last quarter. LPL Financial LLC raised its position in Virtus Global Dividend & Income Fund by 22.7% in the 4th quarter. LPL Financial LLC now owns 1,113,398 shares of the investment management company’s stock worth $6,525,000 after purchasing an additional 206,237 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Virtus Global Dividend & Income Fund by 11.0% during the 4th quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company’s stock worth $5,672,000 after buying an additional 96,299 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Company Profile

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.