Capstone Investment Advisors LLC Invests $2.53 Million in Virtus Total Return Fund Inc. $ZTR

Capstone Investment Advisors LLC bought a new stake in Virtus Total Return Fund Inc. (NYSE:ZTR) in the second quarter, Holdings Channel reports. The institutional investor bought 370,223 shares of the investment management company’s stock, valued at approximately $2,529,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its position in Virtus Total Return Fund by 854.9% in the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 6,788 shares during the last quarter. HRT Financial LP acquired a new position in Virtus Total Return Fund in the fourth quarter worth $63,000. Bayban bought a new stake in shares of Virtus Total Return Fund during the fourth quarter worth $65,000. Closed End Fund Advisors Inc. bought a new stake in shares of Virtus Total Return Fund during the fourth quarter worth $66,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Virtus Total Return Fund by 21.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock valued at $113,000 after buying an additional 2,982 shares in the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Total Return Fund Stock Down 0.7%

Virtus Total Return Fund stock opened at $6.81 on Friday. The stock has a 50-day simple moving average of $6.79 and a 200 day simple moving average of $6.78. Virtus Total Return Fund Inc. has a 12-month low of $6.17 and a 12-month high of $7.11.

Virtus Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a $0.055 dividend. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Thursday, August 13th.

Virtus Total Return Fund 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).