Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.82 and traded as low as $12.74. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.76, with a volume of 135,322 shares.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.7 %

The company’s fifty day simple moving average is $12.76 and its 200 day simple moving average is $12.82.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several institutional investors and hedge funds have recently bought and sold shares of NFJ. Bessemer Group Inc. purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC lifted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 4,000 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 2,800 shares during the last quarter. Transce3nd LLC purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at approximately $55,000. Atria Wealth Solutions Inc. purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at approximately $149,000. Finally, Alteri Wealth LLC purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at approximately $154,000.

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.