Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Price Up 0.5%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) rose 0.5% during mid-day trading on Wednesday . The stock traded as high as $7.61 and last traded at $7.59. Approximately 13,978 shares changed hands during trading, a decline of 64% from the average daily volume of 38,667 shares. The stock had previously closed at $7.55.

Virtus Global Multi-Sector Income Fund Stock Up 0.3 %

The business has a fifty day moving average of $7.48 and a two-hundred day moving average of $7.56.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date of this dividend is Thursday, July 11th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC grew its stake in shares of Virtus Global Multi-Sector Income Fund by 3.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 37,607 shares of the company’s stock valued at $294,000 after acquiring an additional 1,331 shares in the last quarter. International Assets Investment Management LLC grew its stake in Virtus Global Multi-Sector Income Fund by 859.6% in the fourth quarter. International Assets Investment Management LLC now owns 46,619 shares of the company’s stock worth $365,000 after purchasing an additional 41,761 shares in the last quarter. Claro Advisors LLC grew its stake in Virtus Global Multi-Sector Income Fund by 152.4% in the fourth quarter. Claro Advisors LLC now owns 85,828 shares of the company’s stock worth $672,000 after purchasing an additional 51,829 shares in the last quarter. Raymond James & Associates grew its stake in Virtus Global Multi-Sector Income Fund by 56.1% in the fourth quarter. Raymond James & Associates now owns 157,659 shares of the company’s stock worth $1,234,000 after purchasing an additional 56,653 shares in the last quarter. Finally, 1607 Capital Partners LLC grew its stake in Virtus Global Multi-Sector Income Fund by 15.4% in the fourth quarter. 1607 Capital Partners LLC now owns 586,724 shares of the company’s stock worth $4,594,000 after purchasing an additional 78,100 shares in the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.