Shaker Financial Services LLC Acquires 64,894 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Shaker Financial Services LLC grew its holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 55.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,877 shares of the investment management company’s stock after acquiring an additional 64,894 shares during the period. Shaker Financial Services LLC’s holdings in Virtus Global Dividend & Income Fund were worth $1,128,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZTR. Blue Bell Private Wealth Management LLC raised its position in Virtus Global Dividend & Income Fund by 81.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock worth $159,000 after acquiring an additional 13,104 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 9.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,028 shares in the last quarter. Integrated Capital Management Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 4.9% in the second quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,911 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 8.3% in the second quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock worth $285,000 after purchasing an additional 4,024 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 70.1% in the second quarter. J.W. Cole Advisors Inc. now owns 60,414 shares of the investment management company’s stock worth $330,000 after purchasing an additional 24,898 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR opened at $5.85 on Thursday. The firm has a fifty day moving average price of $6.03 and a 200-day moving average price of $5.71. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $4.88 and a 1 year high of $6.21.

Virtus Global Dividend & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.26%.

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.