Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Passes Above 50 Day Moving Average of $12.35

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.35 and traded as high as $12.53. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.53, with a volume of 236,988 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

The company has a 50-day moving average of $12.35 and a 200 day moving average of $11.89.

Virtus Dividend, Interest & Premium Strategy Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 8.94%. The ex-dividend date is Friday, March 8th. This is an increase from Virtus Dividend, Interest & Premium Strategy Fund’s previous quarterly dividend of $0.25.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several institutional investors and hedge funds have recently modified their holdings of NFJ. Pathstone Holdings LLC bought a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at approximately $19,729,000. Saba Capital Management L.P. raised its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 56.9% during the third quarter. Saba Capital Management L.P. now owns 2,386,583 shares of the investment management company’s stock valued at $27,040,000 after acquiring an additional 865,089 shares in the last quarter. Advisor Partners II LLC bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the third quarter worth approximately $5,637,000. Allspring Global Investments Holdings LLC raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,283,082 shares of the investment management company’s stock worth $41,367,000 after buying an additional 284,217 shares in the last quarter. Finally, UBS Group AG raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 79.2% in the first quarter. UBS Group AG now owns 573,615 shares of the investment management company’s stock worth $6,746,000 after buying an additional 253,470 shares in the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.