Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Up 0.4% – Still a Buy?

Virtus Global Multi-Sector Income Fund (NYSE:VGI) shot up 0.4% during trading on Friday . The stock traded as high as $7.75 and last traded at $7.69. 16,496 shares were traded during trading, a decline of 64% from the average session volume of 46,227 shares. The stock had previously closed at $7.66.

Virtus Global Multi-Sector Income Fund Trading Up 0.4 %

The business has a 50-day moving average price of $7.83 and a two-hundred day moving average price of $7.87.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.96 annualized dividend and a yield of 12.48%.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in VGI. Virtu Financial LLC bought a new stake in Virtus Global Multi-Sector Income Fund during the 3rd quarter worth approximately $98,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Virtus Global Multi-Sector Income Fund in the third quarter valued at approximately $108,000. SeaCrest Wealth Management LLC boosted its position in shares of Virtus Global Multi-Sector Income Fund by 6.2% during the third quarter. SeaCrest Wealth Management LLC now owns 42,397 shares of the company’s stock valued at $343,000 after buying an additional 2,488 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Virtus Global Multi-Sector Income Fund by 722.2% during the third quarter. International Assets Investment Management LLC now owns 50,549 shares of the company’s stock worth $409,000 after buying an additional 44,401 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Virtus Global Multi-Sector Income Fund by 57.8% in the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock valued at $568,000 after buying an additional 25,710 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.