Virtus Total Return Fund Inc. (NYSE:ZTR) Director Purchases $21,098.00 in Stock

Virtus Total Return Fund Inc. (NYSE:ZTR) Director Sarah E. Cogan purchased 2,200 shares of the company’s stock in a transaction on Thursday, January 13th. The stock was acquired at an average cost of $9.59 per share, for a total transaction of $21,098.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Virtus Total Return Fund stock remained flat at $$9.57 during midday trading on Friday. 125,109 shares of the company traded hands, compared to its average volume of 137,831. Virtus Total Return Fund Inc. has a 1-year low of $8.55 and a 1-year high of $10.41. The stock’s 50-day simple moving average is $9.46 and its 200-day simple moving average is $9.58.

The company also recently declared a monthly dividend, which will be paid on Friday, March 18th. Investors of record on Friday, March 11th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 10.03%. The ex-dividend date of this dividend is Thursday, March 10th.

A number of institutional investors have recently added to or reduced their stakes in ZTR. Advisory Services Network LLC purchased a new position in Virtus Total Return Fund during the second quarter worth about $33,000. Stratos Wealth Partners LTD. purchased a new position in Virtus Total Return Fund during the fourth quarter worth about $101,000. Raymond James & Associates bought a new stake in Virtus Total Return Fund in the third quarter worth about $118,000. Sheaff Brock Investment Advisors LLC raised its position in Virtus Total Return Fund by 17.2% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 13,080 shares of the investment management company’s stock worth $127,000 after acquiring an additional 1,915 shares during the period. Finally, Doliver Advisors LP bought a new stake in Virtus Total Return Fund in the third quarter worth about $132,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

About Virtus Total Return 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.

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