Virtus Total Return Fund (NYSE:ZTR) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Virtus Total Return Fund Inc. (NYSE:ZTR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.78 and traded as low as $6.60. Virtus Total Return Fund shares last traded at $6.6310, with a volume of 94,718 shares.

Virtus Total Return Fund Trading Up 0.1%

The company’s 50 day moving average price is $6.78 and its 200 day moving average price is $6.78.

Virtus Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. HRT Financial LP acquired a new stake in shares of Virtus Total Return Fund during the fourth quarter worth about $63,000. Bayban acquired a new position in Virtus Total Return Fund in the 4th quarter worth approximately $65,000. Closed End Fund Advisors Inc. purchased a new position in Virtus Total Return Fund during the 4th quarter worth approximately $66,000. Advisory Solutions Group LLC acquired a new stake in Virtus Total Return Fund during the 2nd quarter valued at approximately $100,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Virtus Total Return Fund by 21.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 2,982 shares during the period. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).