J.W. Cole Advisors Inc. Trims Holdings in Virtus Total Return Fund Inc. $ZTR

J.W. Cole Advisors Inc. lowered its position in shares of Virtus Total Return Fund Inc. (NYSE:ZTR) by 20.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,815 shares of the investment management company’s stock after selling 35,246 shares during the quarter. J.W. Cole Advisors Inc. owned 0.24% of Virtus Total Return Fund worth $840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZTR. Penserra Capital Management LLC boosted its holdings in Virtus Total Return Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 794,894 shares of the investment management company’s stock worth $4,952,000 after buying an additional 23,490 shares during the period. Tabor Asset Management LP bought a new position in Virtus Total Return Fund during the first quarter valued at approximately $4,055,000. North Ground Capital boosted its position in shares of Virtus Total Return Fund by 2,931.3% during the 1st quarter. North Ground Capital now owns 485,000 shares of the investment management company’s stock valued at $2,929,000 after acquiring an additional 469,000 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Virtus Total Return Fund by 47.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 462,962 shares of the investment management company’s stock worth $2,884,000 after buying an additional 148,688 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Virtus Total Return Fund by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 258,888 shares of the investment management company’s stock worth $1,546,000 after acquiring an additional 7,129 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors.

Virtus Total Return Fund Stock Performance

Shares of ZTR opened at $6.55 on Thursday. The business has a fifty day moving average of $6.43 and a 200 day moving average of $6.26. Virtus Total Return Fund Inc. has a 52-week low of $5.22 and a 52-week high of $6.66.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, November 13th.

Virtus Total Return Fund Profile

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.