Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Up 0.3% – Here’s What Happened

Virtus Global Multi-Sector Income Fund (NYSE:VGI) shares rose 0.3% during mid-day trading on Friday . The company traded as high as $7.87 and last traded at $7.82. Approximately 15,049 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 29,995 shares. The stock had previously closed at $7.80.

Virtus Global Multi-Sector Income Fund Trading Up 0.3%

The company has a 50 day simple moving average of $7.81 and a 200-day simple moving average of $7.88.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 12.3%.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several institutional investors have recently modified their holdings of the company. Comerica Bank raised its stake in Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after acquiring an additional 1,303 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Virtus Global Multi-Sector Income Fund by 1.2% in the fourth quarter. CoreCap Advisors LLC now owns 146,133 shares of the company’s stock worth $1,146,000 after acquiring an additional 1,775 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 5.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock valued at $389,000 after acquiring an additional 2,340 shares in the last quarter. Osaic Holdings Inc. grew its position in Virtus Global Multi-Sector Income Fund by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock worth $422,000 after purchasing an additional 5,497 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock valued at $83,000 after purchasing an additional 6,660 shares during the period.

About Virtus Global Multi-Sector Income Fund

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.