Yakira Capital Management Inc. Has $6.93 Million Stock Holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Yakira Capital Management Inc. lifted its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,182,731 shares of the investment management company’s stock after buying an additional 36,170 shares during the quarter. Virtus Global Dividend & Income Fund makes up 2.6% of Yakira Capital Management Inc.’s holdings, making the stock its 7th largest holding. Yakira Capital Management Inc.’s holdings in Virtus Global Dividend & Income Fund were worth $6,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Virtus Global Dividend & Income Fund by 4.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company’s stock valued at $297,000 after buying an additional 2,375 shares during the period. Arete Wealth Advisors LLC lifted its holdings in Virtus Global Dividend & Income Fund by 12.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company’s stock worth $242,000 after buying an additional 4,565 shares during the period. Park Avenue Securities LLC boosted its position in Virtus Global Dividend & Income Fund by 2.0% during the 4th quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after acquiring an additional 4,602 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at $29,000. Finally, HighTower Advisors LLC bought a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter worth $60,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

Shares of NYSE ZTR opened at $5.60 on Friday. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $5.96. Virtus Global Dividend & Income Fund Inc. has a 1-year low of $5.25 and a 1-year high of $6.26.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a $0.05 dividend. The ex-dividend date is Friday, April 11th.

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.