Wolverine Asset Management LLC, a leading investment management firm, has recently acquired a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR). According to its Form 13F filing with the SEC, Wolverine Asset Management purchased 84,190 shares of the company’s stock during the fourth quarter of this year.
With an estimated value of $551,000, this investment demonstrates Wolverine Asset Management’s commitment to expanding its portfolio and diversifying its holdings. As a result of this acquisition, Wolverine Asset Management now owns 0.18% of Virtus Global Dividend & Income Fund.
Virtus Global Dividend & Income Fund is a well-established international fund that focuses on investing in companies that offer high dividend yields and steady income streams. Its diverse portfolio includes firms from North America, Europe, Asia Pacific, and other emerging markets across the globe.
Wolverine Asset Management’s decision to invest in Virtus Global Dividend & Income Fund highlights the firm’s astuteness in recognizing promising opportunities within the financial market. The acquisition is part of Wolverine Asset Management’s strategy to pursue a diversified investment approach while maintaining consistent growth and profitability for its clients.
As an institutional investor with extensive experience handling complex financial matters, Wolverine Asset Management has positioned itself as an industry leader in investment management services. Their deep sector knowledge and skillful analysis have enabled them to make strategic moves like the current one in Virtus Global Dividend & Income Fund – ultimately resulting in significant gains for their investors.
Overall, Wolverine Asset Management LLC’s purchase of a new stake in Virtus Global Dividend & Income Fund underscores the relevance of identifying and pursuing valuable opportunities within the financial market. This move sets a precedent for other institutional investors looking to follow suit by expanding into promising niche markets both domestically and internationally – ultimately driving increased profitability for their clients over time.
Virtus Global Dividend & Income Fund Attracts Major Institutional Investors
In the ever-evolving world of investment management and mutual funds, Virtus Global Dividend & Income Fund Inc. has recently caught the attention of some major players in the market. According to recent reports, several large investors have bought and sold shares of the company, including Nomura Holdings Inc., Clough Capital Partners L P, Arete Wealth Advisors LLC, Private Advisor Group LLC and Raymond James & Associates.
Nomura Holdings Inc. alone reportedly invested around $3,132,000 into a new position with Virtus Global Dividend & Income Fund in the third quarter. Similarly, Clough Capital Partners L P invested about $6,323,000 around the same time. Arete Wealth Advisors LLC also bought a new position in Virtus Global Dividend & Income Fund during this period valued at approximately $76k.
In addition to these newcomers to Virtus Global Dividend & Income Fund’s investor base, Private Advisor Group LLC also increased its holdings by 32% in the fourth quarter, acquiring an additional 24,350 shares of company stock worth $659k.
Raymond James & Associates is another notable investor that grew its position with Virtus Global Dividend & Income Fund by an astonishing 181.9% during Q3 of last year. The company now owns over 40k shares worth $252k.
Institutional investors currently own more than 41% of Virtus Global Dividend & Income Fund’s total outstanding stock as reported by recent disclosures filed by the company.
Interestingly enough, despite all this investment activity boosting their reputation and apparent value in the market – Shares for NYSE:ZTR opened at just $6.42 on Thursday according to data from Wall Street sources like MarketWatch.com.
Despite this seemingly subdued figure and the volatility of short-term market trends – it is worth noting that the share price for Virtus Global Dividend & Income Fund has been fairly stable over time. Its 50-day and 200-day moving averages hold steady at $6.42 and $6.55 respectively.
While it is important to evaluate any investment opportunity from multiple angles before taking the plunge – Virtus Global Dividend & Income Fund’s long-term stability and recent uptake in institutional investor acquisitions make for an intriguing proposition for serious investors looking to add a balanced mutual fund portfolio to their strategies or seeking opportunities to buy low with relatively stable returns in mind.