Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Stock Price Down 1.4% – Here’s Why

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)’s stock price was down 1.4% during trading on Thursday . The stock traded as low as $22.67 and last traded at $23.01. Approximately 105,882 shares were traded during trading, an increase of 26% from the average daily volume of 83,921 shares. The stock had previously closed at $23.34.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

The business has a 50-day simple moving average of $23.54 and a two-hundred day simple moving average of $24.02.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at about $766,392,000. Bank of America Corp DE lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% during the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after purchasing an additional 84,015 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% during the second quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after buying an additional 23,695 shares in the last quarter. UBS Group AG grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% in the third quarter. UBS Group AG now owns 477,626 shares of the company’s stock worth $11,477,000 after buying an additional 29,408 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock valued at $8,890,000 after buying an additional 79,378 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.