Wolverine Asset Management LLC Increases Stock Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Wolverine Asset Management LLC lifted its holdings in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 37.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 98,677 shares of the investment management company’s stock after acquiring an additional 26,886 shares during the quarter. Wolverine Asset Management LLC’s holdings in Virtus Global Dividend & Income Fund were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Landscape Capital Management L.L.C. increased its holdings in Virtus Global Dividend & Income Fund by 286.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 299,379 shares of the investment management company’s stock worth $1,437,000 after acquiring an additional 221,928 shares during the period. Stifel Financial Corp increased its holdings in Virtus Global Dividend & Income Fund by 1,432.1% during the 3rd quarter. Stifel Financial Corp now owns 611,289 shares of the investment management company’s stock worth $2,934,000 after acquiring an additional 571,391 shares during the period. Alpine Global Management LLC increased its holdings in Virtus Global Dividend & Income Fund by 1,194.1% during the 3rd quarter. Alpine Global Management LLC now owns 338,222 shares of the investment management company’s stock worth $1,623,000 after acquiring an additional 312,086 shares during the period. Park Avenue Securities LLC bought a new stake in Virtus Global Dividend & Income Fund during the 3rd quarter worth approximately $1,035,000. Finally, PNC Financial Services Group Inc. increased its holdings in Virtus Global Dividend & Income Fund by 1,380.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,750 shares of the investment management company’s stock worth $162,000 after acquiring an additional 31,470 shares during the period. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Price Performance

Virtus Global Dividend & Income Fund stock opened at $5.38 on Friday. The firm’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.28. Virtus Global Dividend & Income Fund Inc. has a 1-year low of $4.50 and a 1-year high of $6.60.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date is Thursday, June 13th.

Virtus Global Dividend & Income Fund Profile

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.