Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Stake Boosted by Quarry LP

Quarry LP grew its stake in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 9.2% during the 4th quarter, HoldingsChannel reports. The fund owned 292,425 shares of the investment management company’s stock after acquiring an additional 24,540 shares during the period. Quarry LP’s holdings in Virtus Global Dividend & Income Fund were worth $1,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Stifel Financial Corp lifted its stake in shares of Virtus Global Dividend & Income Fund by 1,432.1% in the 3rd quarter. Stifel Financial Corp now owns 611,289 shares of the investment management company’s stock valued at $2,934,000 after purchasing an additional 571,391 shares during the last quarter. Alpine Global Management LLC lifted its stake in shares of Virtus Global Dividend & Income Fund by 1,194.1% in the 3rd quarter. Alpine Global Management LLC now owns 338,222 shares of the investment management company’s stock valued at $1,623,000 after purchasing an additional 312,086 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Virtus Global Dividend & Income Fund by 248.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 117,705 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 83,955 shares during the last quarter. AQR Arbitrage LLC lifted its stake in shares of Virtus Global Dividend & Income Fund by 261.8% in the 3rd quarter. AQR Arbitrage LLC now owns 333,705 shares of the investment management company’s stock valued at $1,602,000 after purchasing an additional 241,471 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Virtus Global Dividend & Income Fund by 6.8% in the 4th quarter. Private Advisor Group LLC now owns 257,980 shares of the investment management company’s stock valued at $1,421,000 after purchasing an additional 16,438 shares during the last quarter. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Stock Down 1.8 %

Shares of ZTR stock traded down $0.09 on Friday, hitting $5.33. The company’s stock had a trading volume of 217,255 shares, compared to its average volume of 265,161. Virtus Global Dividend & Income Fund Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $6.27. The firm’s fifty day moving average price is $5.41 and its 200-day moving average price is $5.40.

Virtus Global Dividend & Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, July 11th.

Insider Activity at Virtus Global Dividend & Income Fund

In other news, CFO William Patrick Bradley III bought 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $5.47 per share, with a total value of $27,350.00. Following the transaction, the chief financial officer now directly owns 9,043 shares in the company, valued at $49,465.21. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.65% of the stock is owned by company insiders.

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.