Sit Investment Associates Inc. Makes New $4.96 Million Investment in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Sit Investment Associates Inc. bought a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, HoldingsChannel reports. The firm bought 846,939 shares of the investment management company’s stock, valued at approximately $4,963,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at $9,355,000. LPL Financial LLC boosted its stake in Virtus Global Dividend & Income Fund by 22.7% during the fourth quarter. LPL Financial LLC now owns 1,113,398 shares of the investment management company’s stock worth $6,525,000 after acquiring an additional 206,237 shares in the last quarter. Stifel Financial Corp grew its holdings in Virtus Global Dividend & Income Fund by 33.7% in the third quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock worth $5,404,000 after purchasing an additional 219,609 shares during the period. Park Avenue Securities LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after purchasing an additional 4,602 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Virtus Global Dividend & Income Fund during the fourth quarter valued at approximately $886,000. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Price Performance

Shares of ZTR opened at $5.60 on Friday. Virtus Global Dividend & Income Fund Inc. has a 52 week low of $5.25 and a 52 week high of $6.26. The business’s 50 day moving average price is $5.89 and its 200-day moving average price is $5.96.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be paid a $0.05 dividend. The ex-dividend date is Friday, April 11th.

Virtus Global Dividend & Income 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.