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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.08 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Monday, September 14th.

Virtus Global Multi-Sector Income Fund Stock Up 0.4%

Shares of Virtus Global Multi-Sector Income Fund stock opened at $7.34 on Thursday. The company has a 50-day simple moving average of $7.35 and a two-hundred day simple moving average of $7.47. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.18 and a 52-week high of $8.09.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VGI. Envestnet Asset Management Inc. purchased a new stake in Virtus Global Multi-Sector Income Fund during the 2nd quarter valued at $122,000. Osaic Holdings Inc. lifted its holdings in shares of 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 valued at $422,000 after purchasing an additional 5,497 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of 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 valued at $389,000 after purchasing an additional 2,340 shares in the last quarter. Comerica Bank boosted its position in shares of Virtus Global Multi-Sector Income Fund by 28.9% during the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after buying an additional 1,303 shares during the last quarter. Finally, Bank of America Corp DE increased 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 worth $83,000 after buying an additional 6,660 shares in 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.