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

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

Virtus Global Dividend & Income Fund Trading Up 0.2 %

Shares of NYSE:ZTR opened at $5.47 on Thursday. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $4.50 and a 1 year high of $6.34. The stock 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 company also recently announced a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date is Thursday, June 13th.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC boosted its holdings in Virtus Global Dividend & Income Fund by 51.8% in the 1st quarter. Alpine Global Management LLC now owns 600,000 shares of the investment management company’s stock worth $3,342,000 after acquiring an additional 204,778 shares during the period. Karpus Management Inc. boosted its holdings in 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 worth $13,392,000 after acquiring an additional 50,513 shares during the period. Private Advisor Group LLC grew its position in shares of Virtus Global Dividend & Income Fund by 18.8% during the first quarter. Private Advisor Group LLC now owns 306,593 shares of the investment management company’s stock worth $1,708,000 after buying an additional 48,613 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Virtus Global Dividend & Income Fund during the first quarter worth approximately $198,000. Finally, Eudaimonia Partners LLC grew its holdings in Virtus Global Dividend & Income Fund by 20.0% during the 1st quarter. Eudaimonia Partners LLC now owns 42,000 shares of the investment management company’s stock worth $234,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

About Virtus Global Dividend & Income Fund

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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.

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