Gridiron Partners LLC Lowers Stock Holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Gridiron Partners LLC lessened its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,189 shares of the investment management company’s stock after selling 4,111 shares during the quarter. Gridiron Partners LLC’s holdings in Virtus Global Dividend & Income Fund were worth $132,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Karpus Management Inc. grew its position in Virtus Global Dividend & Income Fund by 2.1% in the 1st quarter. Karpus Management Inc. now owns 2,404,220 shares of the investment management company’s stock valued at $13,392,000 after acquiring an additional 50,513 shares in the last quarter. Bulldog Investors LLP increased its stake in Virtus Global Dividend & Income Fund by 145.3% during the 4th quarter. Bulldog Investors LLP now owns 957,960 shares of the investment management company’s stock worth $5,248,000 after buying an additional 567,422 shares during the period. Alpine Global Management LLC lifted its holdings in Virtus Global Dividend & Income Fund by 51.8% during the 1st quarter. Alpine Global Management LLC now owns 600,000 shares of the investment management company’s stock worth $3,342,000 after buying an additional 204,778 shares in the last quarter. Private Advisor Group LLC boosted its position in Virtus Global Dividend & Income Fund by 18.8% in the 1st quarter. Private Advisor Group LLC now owns 306,593 shares of the investment management company’s stock valued at $1,708,000 after buying an additional 48,613 shares during the period. Finally, Quarry LP grew its stake in shares of Virtus Global Dividend & Income Fund by 9.2% in the fourth quarter. Quarry LP now owns 292,425 shares of the investment management company’s stock worth $1,611,000 after acquiring an additional 24,540 shares in the last quarter. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Trading Up 0.2 %

ZTR traded up $0.01 on Thursday, hitting $5.78. 302,444 shares of the company were exchanged, compared to its average volume of 259,160. The firm has a 50-day moving average price of $5.58 and a two-hundred day moving average price of $5.45. Virtus Global Dividend & Income Fund Inc. has a twelve month low of $4.50 and a twelve month high of $5.89.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Monday, August 12th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date is Monday, August 12th.

About Virtus Global Dividend & Income Fund

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.