Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.96 and traded as low as $5.82. Virtus Global Dividend & Income Fund shares last traded at $5.84, with a volume of 158,672 shares trading hands.

Virtus Global Dividend & Income Fund Price Performance

The firm’s 50 day moving average price is $5.90 and its 200-day moving average price is $5.96.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at $29,000. HighTower Advisors LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $60,000. Jane Street Group LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $76,000. Alpine Global Management LLC acquired a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $79,000. Finally, CF Capital LLC bought a new position in Virtus Global Dividend & Income Fund during the fourth quarter worth about $94,000. 47.14% of the stock is owned by institutional investors.

Virtus Global Dividend & Income Fund Company 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.