Virtus Artificial Intelligence & Technology Opportunities Fund Plans Monthly Dividend of $0.15 (NYSE:AIO)

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, February 12th will be given a dividend of 0.15 per share on Thursday, February 26th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, February 12th.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

NYSE:AIO traded up $0.50 on Thursday, hitting $22.97. The stock had a trading volume of 15,506 shares, compared to its average volume of 83,895. The company has a fifty day moving average price of $23.94 and a two-hundred day moving average price of $23.94. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $16.18 and a 1-year high of $25.69.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Several large investors have recently modified their holdings of AIO. Northwestern Mutual Wealth Management Co. acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock worth $27,000 after acquiring an additional 1,014 shares during the last quarter. Spire Wealth Management acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at approximately $32,000. Geneos Wealth Management Inc. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $148,000.

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.