Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Price Up 0.7%

Shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI) traded up 0.7% on Wednesday . The company traded as high as $7.36 and last traded at $7.34. 28,334 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 43,089 shares. The stock had previously closed at $7.29.

Virtus Global Multi-Sector Income Fund Stock Up 0.7 %

The company has a fifty day simple moving average of $7.47 and a two-hundred day simple moving average of $7.46.

Virtus Global Multi-Sector Income Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 11th were issued a $0.08 dividend. This represents a dividend yield of 12.66%. The ex-dividend date of this dividend was Wednesday, April 10th.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Several institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Virtus Global Multi-Sector Income Fund by 23.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 50,196 shares of the company’s stock worth $368,000 after purchasing an additional 9,504 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 611.2% in the 3rd quarter. Raymond James & Associates now owns 101,006 shares of the company’s stock valued at $741,000 after acquiring an additional 86,803 shares during the last quarter. OmniStar Financial Group Inc. lifted its stake in Virtus Global Multi-Sector Income Fund by 12.9% in the third quarter. OmniStar Financial Group Inc. now owns 12,643 shares of the company’s stock worth $93,000 after purchasing an additional 1,447 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Virtus Global Multi-Sector Income Fund by 7.3% during the third quarter. Moors & Cabot Inc. now owns 117,000 shares of the company’s stock worth $859,000 after acquiring an additional 8,000 shares during the period. Finally, 1607 Capital Partners LLC increased its holdings in Virtus Global Multi-Sector Income Fund by 5.3% during the third quarter. 1607 Capital Partners LLC now owns 508,624 shares of the company’s stock valued at $3,733,000 after buying an additional 25,400 shares during the period.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.