Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.63 and traded as high as $15.18. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $15.0510, with a volume of 387,945 shares.

Virtus Dividend, Interest & Premium Strategy Fund Trading Up 0.3%

The company has a 50-day moving average price of $14.68 and a 200-day moving average price of $13.70.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Several hedge funds have recently added to or reduced their stakes in NFJ. WealthShield Partners LLC lifted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.5% during the 4th quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock worth $630,000 after buying an additional 742 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after buying an additional 836 shares during the last quarter. Uhlmann Price Securities LLC raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 2.3% during the 4th quarter. Uhlmann Price Securities LLC now owns 42,151 shares of the investment management company’s stock worth $543,000 after acquiring an additional 967 shares in the last quarter. Resources Management Corp CT ADV acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the 1st quarter worth $28,000. Finally, Cetera Investment Advisers raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 7.7% during the 2nd quarter. Cetera Investment Advisers now owns 35,135 shares of the investment management company’s stock worth $436,000 after acquiring an additional 2,521 shares in the last quarter.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option?writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.