Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Pass Above Fifty Day Moving Average – What’s Next?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.93 and traded as high as $12.95. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.90, with a volume of 123,843 shares.

Virtus Dividend, Interest & Premium Strategy Fund Stock Up 1.2%

The company has a 50 day moving average of $12.93 and a 200-day moving average of $12.36.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.22 annualized dividend and a dividend yield of 9.5%.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 7.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,630,081 shares of the investment management company’s stock valued at $21,207,000 after acquiring an additional 110,431 shares in the last quarter. Osaic Holdings Inc. boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 213.0% during the 2nd quarter. Osaic Holdings Inc. now owns 180,697 shares of the investment management company’s stock valued at $2,241,000 after acquiring an additional 122,968 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 94.6% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 170,040 shares of the investment management company’s stock valued at $2,108,000 after acquiring an additional 82,676 shares in the last quarter. Modern Wealth Management LLC boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 5.7% during the 2nd quarter. Modern Wealth Management LLC now owns 128,874 shares of the investment management company’s stock valued at $1,598,000 after acquiring an additional 6,912 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 3,387,545 shares of the investment management company’s stock valued at $42,006,000 after acquiring an additional 88,073 shares in the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.