Virtus Total Return Fund (NYSE:ZTR) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.77 and traded as low as $6.74. Virtus Total Return Fund shares last traded at $6.77, with a volume of 43,014 shares.

Virtus Total Return Fund Stock Down 0.3%

The company’s 50 day moving average price is $6.78 and its 200-day moving average price is $6.77.

Virtus Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a $0.055 dividend. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Investors Weigh In On Virtus Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of Virtus Total Return Fund by 854.9% in the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock worth $48,000 after buying an additional 6,788 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Virtus Total Return Fund during the fourth quarter valued at approximately $63,000. Bayban bought a new stake in Virtus Total Return Fund during the fourth quarter worth $65,000. Closed End Fund Advisors Inc. bought a new stake in Virtus Total Return Fund during the fourth quarter worth $66,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Virtus Total Return Fund by 21.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock worth $113,000 after purchasing an additional 2,982 shares during the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).