Alpine Global Management LLC Acquires New Stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Alpine Global Management LLC bought a new position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,500 shares of the investment management company’s stock, valued at approximately $79,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZTR. IFP Advisors Inc bought a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $29,000. Truist Financial Corp acquired a new stake in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $168,000. Commonwealth Equity Services LLC grew its stake in shares of Virtus Global Dividend & Income Fund by 4.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company’s stock valued at $297,000 after buying an additional 2,375 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Virtus Global Dividend & Income Fund in the fourth quarter valued at $886,000. Finally, HighTower Advisors LLC acquired a new position in Virtus Global Dividend & Income Fund during the fourth quarter worth $60,000. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Trading Up 2.3 %

Virtus Global Dividend & Income Fund stock opened at $5.95 on Wednesday. Virtus Global Dividend & Income Fund Inc. has a 52 week low of $5.22 and a 52 week high of $6.26. The stock has a 50-day simple moving average of $5.81 and a 200 day simple moving average of $5.92.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 11th.

Virtus Global Dividend & Income Fund Profile

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.