Virtus Global Multi-Sector Income Fund (VGI) to Issue Monthly Dividend of $0.08 on January 29th

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, November 19th. Investors of record on Monday, January 12th will be paid a dividend of 0.08 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, January 12th.

Virtus Global Multi-Sector Income Fund Price Performance

VGI stock opened at $7.70 on Friday. The company’s 50-day moving average is $7.90 and its 200-day moving average is $7.83. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.00 and a 1 year high of $8.18.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in Virtus Global Multi-Sector Income Fund by 42.3% during the 1st quarter. Cetera Investment Advisers now owns 28,430 shares of the company’s stock valued at $220,000 after buying an additional 8,454 shares in the last quarter. LPL Financial LLC grew its position in Virtus Global Multi-Sector Income Fund by 2.0% in the 1st quarter. LPL Financial LLC now owns 202,114 shares of the company’s stock worth $1,564,000 after purchasing an additional 3,867 shares during the period. Shaker Financial Services LLC raised its stake in Virtus Global Multi-Sector Income Fund by 20.6% during the 1st quarter. Shaker Financial Services LLC now owns 312,741 shares of the company’s stock valued at $2,420,000 after buying an additional 53,387 shares during the last quarter. Sit Investment Associates Inc. raised its stake in Virtus Global Multi-Sector Income Fund by 11.4% during the 1st quarter. Sit Investment Associates Inc. now owns 1,887,054 shares of the company’s stock valued at $14,601,000 after buying an additional 193,032 shares during the last quarter. Finally, Worth Asset Management LLC lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 49.2% during the 2nd quarter. Worth Asset Management LLC now owns 22,207 shares of the company’s stock valued at $174,000 after buying an additional 7,322 shares during the period.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.