Virtus Total Return Fund Inc. (NYSE:ZTR) to Issue Monthly Dividend of $0.05

Virtus Total Return Fund Inc. (NYSE:ZTR) announced a monthly dividend on Wednesday, November 19th. Shareholders of record on Thursday, December 11th will be given a dividend of 0.05 per share by the investment management company on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Thursday, December 11th.

Virtus Total Return Fund Stock Performance

Shares of NYSE:ZTR opened at $6.41 on Thursday. The business has a 50-day moving average of $6.45 and a two-hundred day moving average of $6.28. Virtus Total Return Fund has a 12 month low of $5.22 and a 12 month high of $6.66.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in Virtus Total Return Fund in the first quarter valued at about $1,876,000. XTX Topco Ltd purchased a new stake in shares of Virtus Total Return Fund during the 1st quarter valued at about $71,000. Envestnet Asset Management Inc. lifted its position in Virtus Total Return Fund by 2.8% during the 1st 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 in the last quarter. Concurrent Investment Advisors LLC lifted its position in Virtus Total Return Fund by 18.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,092 shares of the investment management company’s stock worth $75,000 after acquiring an additional 1,900 shares in the last quarter. Finally, North Ground Capital boosted its holdings in Virtus Total Return Fund by 2,931.3% in the 1st quarter. North Ground Capital now owns 485,000 shares of the investment management company’s stock worth $2,929,000 after acquiring an additional 469,000 shares during the period. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company 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.