J.W. Cole Advisors Inc. Lowers Stake in Virtus Total Return Fund Inc. $ZTR

J.W. Cole Advisors Inc. lessened its stake in shares of Virtus Total Return Fund Inc. (NYSE:ZTR) by 20.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 134,815 shares of the investment management company’s stock after selling 35,246 shares during the period. J.W. Cole Advisors Inc.’s holdings in Virtus Total Return Fund were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Tabor Asset Management LP purchased a new stake in shares of Virtus Total Return Fund in the 1st quarter worth approximately $4,055,000. North Ground Capital lifted its holdings in Virtus Total Return Fund by 2,931.3% during the first quarter. North Ground Capital now owns 485,000 shares of the investment management company’s stock worth $2,929,000 after buying an additional 469,000 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Virtus Total Return Fund in the 1st quarter valued at $1,876,000. Readystate Asset Management LP purchased a new position in shares of Virtus Total Return Fund in the 1st quarter valued at $777,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Virtus Total Return Fund in the 2nd quarter worth $651,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Stock Down 0.7%

Shares of ZTR stock opened at $6.55 on Thursday. The stock’s 50-day moving average is $6.43 and its 200 day moving average is $6.26. Virtus Total Return Fund Inc. has a 1-year low of $5.22 and a 1-year high of $6.66.

Virtus Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be paid a $0.05 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, November 13th.

Virtus Total Return 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.