Virtus Total Return Fund (NYSE:ZTR) Stock Price Breaks Below 200 Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.72 and traded as low as $5.93. Virtus Total Return Fund shares last traded at $5.9450, with a volume of 216,154 shares traded.

Virtus Total Return Fund Price Performance

The stock’s 50 day moving average price is $6.62 and its 200-day moving average price is $6.71.

Virtus Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.0550 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 11.0%.

Institutional Trading of Virtus Total Return Fund

Several institutional investors have recently made changes to their positions in ZTR. Saba Capital Management L.P. purchased a new position in Virtus Total Return Fund in the 1st quarter worth approximately $7,512,000. Capstone Investment Advisors LLC bought a new stake in shares of Virtus Total Return Fund during the second quarter valued at approximately $2,529,000. Private Advisor Group LLC raised its position in shares of Virtus Total Return Fund by 4.2% during the first quarter. Private Advisor Group LLC now owns 351,813 shares of the investment management company’s stock valued at $2,329,000 after buying an additional 14,238 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Virtus Total Return Fund in the second quarter worth $1,756,000. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Virtus Total Return Fund by 99.8% in the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock worth $1,501,000 after buying an additional 113,300 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund (NYSE: ZTR) is a diversified closed-end investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund invests in a portfolio of equity and fixed-income securities, with allocations that may change in response to market conditions and the portfolio management team’s outlook.

The fund may invest across multiple industries and geographic markets, including U.S. and international securities.