Calton & Associates Inc., a prominent institutional investor, announced the acquisition of a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) during the first quarter, as confirmed by the company in its most recent disclosure with the Securities and Exchange Commission (SEC). This purchase highlights Calton & Associates Inc.’s continued commitment to expanding its investment portfolio.
The institutional investor procured 18,750 shares of Virtus Global Dividend & Income Fund Inc., an esteemed investment management company. With these holdings valued at approximately $121,000, it is evident that Calton & Associates Inc. recognizes the potential profitability associated with this particular stock.
For those eager to delve deeper into the holdings of other hedge funds involving Virtus Global Dividend & Income Fund Inc., HoldingsChannel.com provides up-to-date information on 13F filings and insider trades concerning this entity. Investors interested in gaining comprehensive insights into current market trends are encouraged to explore HoldingsChannel.com.
In addition to their recent acquisition, Virtus Global Dividend & Income Fund Inc. has also announced a monthly dividend payout scheduled for Wednesday, August 23rd. Shareholders listed on record by Friday, August 11th will receive a dividend amounting to $0.08 per share. This equates to an annualized dividend of $0.96 and an impressive dividend yield of 15.87%. It should be noted that the ex-dividend date for this payout is Thursday, August 10th.
Overall, these developments suggest confidence in Virtus Global Dividend & Income Fund Inc., both from institutional investors like Calton & Associates Inc., as well as from the company itself through its consistent dividend distributions. Investors seeking long-term growth opportunities may find this investment management company worthy of consideration due to its robust financial performance and consistent dividend payments.
It is important for investors to conduct thorough research and seek professional advice before making any investment decisions. While the information presented here is based on reliable sources, financial markets are subject to volatility and can be unpredictable. Therefore, prudent decision-making combined with a comprehensive understanding of market dynamics is crucial for success in the investment arena.
As of June 30, 2023, this update provides investors with valuable insights into Calton & Associates Inc.’s recent acquisition and Virtus Global Dividend & Income Fund Inc.’s future dividend payout. Both entities continue to shape the financial landscape through their commitment to offering lucrative investment opportunities and delivering consistent shareholder value.
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Institutional Endorsements and Performance Analysis of Virtus Global Dividend & Income Fund
An Introduction to Virtus Global Dividend & Income Fund: A Review of Recent Institutional Investments
Having performed a thorough analysis of its recent investments, it has come to light that Virtus Global Dividend & Income Fund Inc. has garnered significant attention from several institutional investors. This article will delve into the changes made by these investors and shed light on their implications for the investment management company.
UBS Group AG, a renowned financial services firm, saw fit to raise its stake in Virtus Global Dividend & Income Fund by an impressive 7.0% during the fourth quarter. This bold move resulted in UBS now owning 28,489 shares worth a substantial $187,000. The acquisition of an additional 1,875 shares during the last quarter exemplifies UBS’s confidence in the long-term potential of this investment.
Similarly, Commonwealth Equity Services LLC conveys its optimism regarding Virtus Global Dividend & Income Fund by raising its stake by 13.5% during the third quarter. Their newfound ownership now amounts to an impressive 26,164 shares with an approximate value of $163,000. Notably, adding a significant 3,103 shares in the last quarter further underscores their belief in the growth prospects associated with this investment management company.
Captrust Financial Advisors seized the opportunity presented by Virtus Global Dividend & Income Fund and acquired a new position in this entity during the second quarter of this year—a position valued at $26,000. This strategic decision demonstrates Captrust’s intention to diversify its portfolio while capitalizing on potential returns.
National Bank of Canada FI also recognized the viability of investing in Virtus Global Dividend & Income Fund and purchased a new stake during the fourth quarter. Their keen interest amounted to approximately $25,000 and reaffirms this institution’s commitment to exploring fruitful investment opportunities.
Finally, Raymond James Financial Services Advisors Inc., known for its astute market insights, showcased its confidence in Virtus Global Dividend & Income Fund by growing its stake by an impressive 21.0% during the first quarter. With an ownership of 24,507 shares currently valued at $159,000, Raymond James Financial Services Advisors Inc. signifies not only its belief in this investment but also its commitment to maximizing potential returns.
To provide a comprehensive overview, it is crucial to note that institutional investors now own a staggering 41.97% of Virtus Global Dividend & Income Fund’s stock—indicating the substantial impact and interest generated by this investment management company.
Moving away from institutional investments, let us explore some key statistics related to Virtus Global Dividend & Income Fund Inc.’s performance on the New York Stock Exchange (NYSE) as of June 30, 2023. The stock opened at $6.05 on Friday and has been steadily hovering around the $6 mark. Its 50-day moving average is currently recorded at $6.18, offering an indication of its short-term performance trajectory. Additionally, the stock’s 200-day moving average stands at $6.44—an important metric for assessing long-term trends.
Virtus Global Dividend & Income Fund Inc., operating as a closed-ended balanced mutual fund, benefits from the expertise of three co-managing entities: Virtus Investment Partners, Inc., Kayne Anderson Rudnick Investment Management LLC, and Newfleet Asset Management LLC. These esteemed firms collectively ensure that the fund explores public equity and fixed income markets within the United States—the very markets capturing significant investor attention.
In conclusion, Virtus Global Dividend & Income Fund Inc.’s recent institutional investments have unveiled a robust endorsement from prominent institutions within the financial industry. UBS Group AG, Commonwealth Equity Services LLC, Captrust Financial Advisors, National Bank of Canada FI,and Raymond James Financial Services Advisors Inc.have displayed their overwhelming support for this investment management company, propelling it onto the radar of many market participants. With its stock trading within a dynamic price range on the NYSE, Virtus Global Dividend & Income Fund Inc., in conjunction with its co-managing entities, is expected to continue actively exploring and capitalizing upon opportunities in both public equity and fixed income markets within the United States.