Virtus Global Multi-Sector Income Fund (NYSE:VGI) Declares $0.08 Monthly Dividend

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, September 2nd. Investors of record on Thursday, November 12th will be paid a dividend of 0.08 per share on Friday, November 27th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Thursday, November 12th.

Virtus Global Multi-Sector Income Fund Price Performance

NYSE VGI opened at $7.34 on Thursday. The stock’s fifty day moving average is $7.35 and its two-hundred day moving average is $7.47. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.18 and a fifty-two week high of $8.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Virtus Global Multi-Sector Income Fund in the second quarter valued at about $122,000. Osaic Holdings Inc. increased its position in Virtus Global Multi-Sector Income Fund by 11.4% during the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock worth $422,000 after purchasing an additional 5,497 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Virtus Global Multi-Sector Income Fund by 5.0% during the third quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock worth $389,000 after purchasing an additional 2,340 shares during the period. Comerica Bank boosted its holdings in Virtus Global Multi-Sector Income Fund by 28.9% in the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Virtus Global Multi-Sector Income Fund by 176.2% in 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 last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

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.