William Patrick Bradley III Purchases 5,000 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Stock

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTRGet Free Report) CFO William Patrick Bradley III bought 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was bought at an average price of $5.47 per share, with a total value of $27,350.00. Following the purchase, the chief financial officer now owns 9,043 shares in the company, valued at $49,465.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Virtus Global Dividend & Income Fund Stock Up 0.2 %

NYSE ZTR traded up $0.01 during trading hours on Wednesday, hitting $5.49. The company had a trading volume of 94,580 shares, compared to its average volume of 274,482. Virtus Global Dividend & Income Fund Inc. has a 52 week low of $4.50 and a 52 week high of $6.34. The firm has a 50 day simple moving average of $5.43 and a 200 day simple moving average of $5.36.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 10.93%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZTR. Karpus Management Inc. raised its holdings in shares of Virtus Global Dividend & Income Fund by 2.1% in the 1st quarter. Karpus Management Inc. now owns 2,404,220 shares of the investment management company’s stock valued at $13,392,000 after acquiring an additional 50,513 shares in the last quarter. Bulldog Investors LLP raised its holdings in shares of Virtus Global Dividend & Income Fund by 145.3% during the 4th quarter. Bulldog Investors LLP now owns 957,960 shares of the investment management company’s stock valued at $5,248,000 after buying an additional 567,422 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Virtus Global Dividend & Income Fund by 1,432.1% during the 3rd quarter. Stifel Financial Corp now owns 611,289 shares of the investment management company’s stock valued at $2,934,000 after buying an additional 571,391 shares in the last quarter. Alpine Global Management LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 51.8% during the 1st quarter. Alpine Global Management LLC now owns 600,000 shares of the investment management company’s stock valued at $3,342,000 after buying an additional 204,778 shares in the last quarter. Finally, AQR Arbitrage LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 261.8% during the 3rd quarter. AQR Arbitrage LLC now owns 333,705 shares of the investment management company’s stock valued at $1,602,000 after buying an additional 241,471 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

About Virtus Global Dividend & Income Fund

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Virtus Global Dividend & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Global Dividend & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.