Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Up 0.4% – What’s Next?

Virtus Global Multi-Sector Income Fund (NYSE:VGI) traded up 0.4% on Friday . The company traded as high as $7.75 and last traded at $7.69. 16,496 shares were traded during trading, a decline of 64% from the average session volume of 46,227 shares. The stock had previously closed at $7.66.

Virtus Global Multi-Sector Income Fund Stock Performance

The company has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $7.87.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be given a $0.08 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.96 dividend on an annualized basis and a yield of 12.48%.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Virtus Global Multi-Sector Income Fund in the 3rd quarter worth $98,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Virtus Global Multi-Sector Income Fund during the third quarter valued at about $108,000. SeaCrest Wealth Management LLC grew its stake in shares of Virtus Global Multi-Sector Income Fund by 6.2% during the third quarter. SeaCrest Wealth Management LLC now owns 42,397 shares of the company’s stock valued at $343,000 after buying an additional 2,488 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Virtus Global Multi-Sector Income Fund by 722.2% in the third quarter. International Assets Investment Management LLC now owns 50,549 shares of the company’s stock worth $409,000 after buying an additional 44,401 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 57.8% in the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock valued at $568,000 after acquiring an additional 25,710 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

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.