Virtus Total Return Fund (NYSE:ZTR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.65 and traded as high as $6.70. Virtus Total Return Fund shares last traded at $6.6850, with a volume of 141,750 shares trading hands.

Virtus Total Return Fund Trading Up 0.5%

The company’s fifty day simple moving average is $6.39 and its 200 day simple moving average is $6.66.

Virtus Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be paid a $0.0550 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, November 12th.

Institutional Investors Weigh In On Virtus Total Return Fund

Several institutional investors have recently bought and sold shares of ZTR. Kestra Advisory Services LLC grew its stake in shares of Virtus Total Return Fund by 16.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 33,413 shares of the investment management company’s stock worth $201,000 after buying an additional 4,793 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Virtus Total Return Fund by 19.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 49,343 shares of the investment management company’s stock valued at $298,000 after buying an additional 8,065 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Virtus Total Return Fund by 22.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 228,928 shares of the investment management company’s stock worth $1,380,000 after purchasing an additional 41,298 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Virtus Total Return Fund by 20.4% during the third quarter. Wedbush Securities Inc. now owns 26,398 shares of the investment management company’s stock valued at $159,000 after buying an additional 4,469 shares during the last quarter. Finally, Abel Hall LLC bought a new position in Virtus Total Return Fund in the 3rd quarter worth $60,000. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

About Virtus Total Return Fund

Virtus Total Return Fund (NYSE: ZTR) is a diversified closed-end investment company. The fund seeks to provide shareholders with total return through a combination of current income and long-term capital appreciation.

The fund invests in a portfolio of equity and fixed-income securities. Its holdings may include common stocks, preferred stocks, convertible securities and debt securities, giving the portfolio exposure to both income-producing investments and companies with potential for capital appreciation.