Virtus Total Return Fund (NYSE:ZTR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.75 and traded as high as $6.79. Virtus Total Return Fund shares last traded at $6.7750, with a volume of 62,393 shares trading hands.

Virtus Total Return Fund Trading Up 0.4%

The business has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $6.75.

Virtus Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a $0.055 dividend. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. acquired a new position in Virtus Total Return Fund in the 1st quarter valued at about $7,512,000. Ashton Thomas Securities LLC boosted its position in shares of Virtus Total Return Fund by 99.8% during the 1st quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock worth $1,501,000 after purchasing an additional 113,300 shares during the period. Bayban purchased a new position in shares of Virtus Total Return Fund during the 4th quarter worth approximately $65,000. Avise Financial Cooperative Inc. acquired a new stake in Virtus Total Return Fund in the 4th quarter valued at approximately $169,000. Finally, Osaic Holdings Inc. lifted its stake in Virtus Total Return Fund by 150.8% during the second quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company’s stock worth $410,000 after purchasing an additional 39,567 shares in the last quarter. Institutional investors and hedge funds 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).