PNC Financial Services Group Inc. Sells 27,980 Shares of Virtus Total Return Fund Inc. $ZTR

PNC Financial Services Group Inc. trimmed its position in Virtus Total Return Fund Inc. (NYSE:ZTR) by 47.6% in the second quarter, Holdings Channel.com reports. The firm owned 30,839 shares of the investment management company’s stock after selling 27,980 shares during the period. PNC Financial Services Group Inc.’s holdings in Virtus Total Return Fund were worth $192,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. North Ground Capital lifted its position in 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 purchasing an additional 469,000 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Virtus Total Return Fund during the first quarter worth approximately $1,876,000. Ashton Thomas Securities LLC acquired a new position in Virtus Total Return Fund in the second quarter valued at approximately $651,000. Walleye Capital LLC acquired a new position in Virtus Total Return Fund in the first quarter valued at approximately $237,000. Finally, Stephens Inc. AR boosted its stake in Virtus Total Return Fund by 28.0% in the second quarter. Stephens Inc. AR now owns 158,294 shares of the investment management company’s stock valued at $986,000 after acquiring an additional 34,591 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Stock Up 0.8%

ZTR opened at $6.55 on Friday. The company has a fifty day moving average price of $6.47 and a two-hundred day moving average price of $6.29. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

About Virtus Total Return Fund

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.