Capstone Investment Advisors LLC Invests $2.77 Million in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Capstone Investment Advisors LLC acquired a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 447,378 shares of the investment management company’s stock, valued at approximately $2,774,000.

A number of other institutional investors have also recently added to or reduced their stakes in ZTR. Cetera Advisors LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 1st quarter valued at about $1,066,000. Integrated Capital Management Inc. boosted its stake in Virtus Global Dividend & Income Fund by 4.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock worth $221,000 after buying an additional 1,911 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Virtus Global Dividend & Income Fund by 8.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock valued at $285,000 after buying an additional 4,024 shares during the period. Shaker Financial Services LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 65.4% during the 2nd quarter. Shaker Financial Services LLC now owns 116,983 shares of the investment management company’s stock valued at $638,000 after acquiring an additional 46,258 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Virtus Global Dividend & Income Fund by 81.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 13,104 shares during the period. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR opened at $6.19 on Friday. The firm has a fifty day moving average of $6.03 and a 200-day moving average of $5.77. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $5.14 and a 52-week high of $6.21.

Virtus Global Dividend & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.69%. The ex-dividend date is Thursday, March 13th.

Virtus Global Dividend & Income Fund 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.