Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) to Issue Dividend Increase – $0.18 Per Share

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) declared a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be given a dividend of 0.18 per share on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, June 15th. This is a 20.0% increase from Virtus Artificial Intelligence & Technology Opportunities Fund’s previous monthly dividend of $0.15.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.4%

NYSE:AIO opened at $27.50 on Thursday. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $20.91 and a 52-week high of $27.67. The stock has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $23.28.

Insider Activity

In related news, EVP William Patrick Bradley III sold 2,000 shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $21.56, for a total transaction of $43,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIO. Cetera Investment Advisers purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth about $683,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $25,000. Raymond James Financial Inc. grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock valued at $2,669,000 after buying an additional 8,776 shares during the period. Jane Street Group LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $275,000. Finally, Ameriprise Financial Inc. grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 290,542 shares of the company’s stock valued at $7,212,000 after buying an additional 24,009 shares during the period.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.