Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) announced a monthly dividend on Wednesday, June 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.08 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, August 13th.
Virtus Global Multi-Sector Income Fund Price Performance
Shares of VGI opened at $7.43 on Friday. Virtus Global Multi-Sector Income Fund has a 12-month low of $7.20 and a 12-month high of $8.09. The firm has a fifty day moving average price of $7.47 and a 200-day moving average price of $7.68.
Institutional Trading of Virtus Global Multi-Sector Income Fund
A number of hedge funds have recently added to or reduced their stakes in VGI. Comerica Bank lifted its stake in Virtus Global Multi-Sector Income Fund by 28.9% in the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after acquiring an additional 1,303 shares during the period. International Assets Investment Management LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the fourth quarter worth about $53,000. Bank of America Corp DE lifted its stake in Virtus Global Multi-Sector Income Fund by 176.2% in the third quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after acquiring an additional 6,660 shares during the period. Integrity Advisory Solutions LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the third quarter worth about $91,000. Finally, Kovack Advisors Inc. purchased a new stake in Virtus Global Multi-Sector Income Fund in the fourth quarter worth about $94,000.
About Virtus Global Multi-Sector Income Fund
The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.
The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.
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