Centaurus Financial Inc. Sells 263,091 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Centaurus Financial Inc. decreased its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 57.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,704 shares of the investment management company’s stock after selling 263,091 shares during the period. Centaurus Financial Inc.’s holdings in Virtus Global Dividend & Income Fund were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Integrated Capital Management Inc. raised its position in shares of Virtus Global Dividend & Income Fund by 6.3% during the 4th quarter. Integrated Capital Management Inc. now owns 36,605 shares of the investment management company’s stock valued at $202,000 after acquiring an additional 2,154 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Virtus Global Dividend & Income Fund by 40.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,213 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Virtus Global Dividend & Income Fund by 22.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 31,360 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 5,688 shares during the last quarter. Saba Capital Management L.P. acquired a new position in Virtus Global Dividend & Income Fund in the third quarter valued at about $64,000. Finally, Private Advisor Group LLC boosted its holdings in Virtus Global Dividend & Income Fund by 6.8% during the fourth quarter. Private Advisor Group LLC now owns 257,980 shares of the investment management company’s stock worth $1,421,000 after buying an additional 16,438 shares during the last quarter. Institutional investors own 47.14% of the company’s stock.

Insider Transactions at Virtus Global Dividend & Income Fund

In other Virtus Global Dividend & Income Fund news, CFO William Patrick Bradley III acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $5.47 per share, with a total value of $27,350.00. Following the purchase, the chief financial officer now owns 9,043 shares of the company’s stock, valued at approximately $49,465.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.65% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

Shares of ZTR stock traded down $0.10 on Friday, reaching $5.32. The company had a trading volume of 217,257 shares, compared to its average volume of 187,562. The company has a 50-day moving average of $5.41 and a 200-day moving average of $5.40. Virtus Global Dividend & Income Fund Inc. has a 12 month low of $4.50 and a 12 month high of $6.27.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.60 annualized dividend and a yield of 11.28%.

About Virtus Global Dividend & Income Fund

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.