Capstone Investment Advisors LLC Purchases New Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Capstone Investment Advisors LLC acquired a new position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 447,378 shares of the investment management company’s stock, valued at approximately $2,774,000.

Other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at approximately $10,857,000. Landscape Capital Management L.L.C. raised its position in Virtus Global Dividend & Income Fund by 25.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 587,035 shares of the investment management company’s stock valued at $3,640,000 after purchasing an additional 120,063 shares during the last quarter. Sculptor Capital LP purchased a new position in Virtus Global Dividend & Income Fund during the 2nd quarter worth $2,482,000. Cetera Advisors LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund in the first quarter valued at about $1,066,000. Finally, Shaker Financial Services LLC boosted its stake in shares of Virtus Global Dividend & Income Fund by 55.5% during the third quarter. Shaker Financial Services LLC now owns 181,877 shares of the investment management company’s stock worth $1,128,000 after buying an additional 64,894 shares during the period. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

ZTR stock opened at $6.19 on Friday. Virtus Global Dividend & Income Fund Inc. has a one year low of $5.14 and a one year high of $6.21. The company has a fifty day moving average of $6.03 and a 200-day moving average of $5.77.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 9.69%. The ex-dividend date is Thursday, March 13th.

About Virtus Global Dividend & Income Fund

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.