Wolverine Asset Management LLC Sells 201,808 Shares of Virtus Total Return Fund Inc. $ZTR

Wolverine Asset Management LLC cut its holdings in Virtus Total Return Fund Inc. (NYSE:ZTR) by 43.6% in the third quarter, Holdings Channel reports. The fund owned 261,154 shares of the investment management company’s stock after selling 201,808 shares during the quarter. Wolverine Asset Management LLC’s holdings in Virtus Total Return Fund were worth $1,684,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its position in shares of Virtus Total Return Fund by 18.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,092 shares of the investment management company’s stock worth $75,000 after purchasing an additional 1,900 shares during the period. Wedbush Securities Inc. purchased a new position in Virtus Total Return Fund during the second quarter valued at approximately $107,000. Tactive Advisors LLC bought a new position in Virtus Total Return Fund in the second quarter worth approximately $131,000. Osaic Holdings Inc. lifted its holdings in Virtus Total Return Fund by 150.8% during the second quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company’s stock worth $410,000 after buying an additional 39,567 shares during the period. Finally, Invesco Ltd. lifted its holdings in Virtus Total Return Fund by 74.9% during the second quarter. Invesco Ltd. now owns 71,282 shares of the investment management company’s stock worth $444,000 after buying an additional 30,517 shares during the period. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Trading Down 0.1%

Shares of NYSE:ZTR opened at $6.31 on Friday. Virtus Total Return Fund Inc. has a 12-month low of $5.22 and a 12-month high of $6.66. The business’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $6.34.

Virtus Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a $0.05 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).