Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Down 0.1% – Should You Sell?

Virtus Global Multi-Sector Income Fund (NYSE:VGI) shares traded down 0.1% on Thursday . The company traded as low as $7.28 and last traded at $7.3350. Approximately 69,461 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 41,046 shares. The stock had previously closed at $7.34.

Virtus Global Multi-Sector Income Fund Trading Down 0.3%

The firm has a fifty day simple moving average of $7.41 and a 200-day simple moving average of $7.60.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. lifted its position in Virtus Global Multi-Sector Income Fund by 8.0% during the fourth quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock worth $16,133,000 after acquiring an additional 151,690 shares during the last quarter. LPL Financial LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 9.1% in the fourth quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock valued at $2,459,000 after purchasing an additional 26,056 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Virtus Global Multi-Sector Income Fund by 2.1% during the second quarter. CoreCap Advisors LLC now owns 173,428 shares of the company’s stock worth $1,301,000 after purchasing an additional 3,645 shares during the period. Fiera Capital Corp lifted its holdings in Virtus Global Multi-Sector Income Fund by 41.8% during the 4th quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after purchasing an additional 46,048 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Virtus Global Multi-Sector Income Fund by 92.3% during the 3rd quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock worth $1,115,000 after purchasing an additional 67,371 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.