Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Trading 0.9% Higher – Here’s Why

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report)’s stock price traded up 0.9% during trading on Thursday . The stock traded as high as $28.23 and last traded at $27.91. 85,108 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 98,000 shares. The stock had previously closed at $27.67.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

The business’s 50 day moving average is $26.08 and its 200 day moving average is $23.78.

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Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a $0.18 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AIO. Northwestern Mutual Wealth Management Co. purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth about $25,000. Fifth Third Bancorp purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter valued at about $85,000. PNC Financial Services Group Inc. grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock valued at $154,000 after acquiring an additional 5,295 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% in the 4th quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock valued at $156,000 after purchasing an additional 561 shares during the period. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter valued at about $201,000.

About Virtus Artificial Intelligence & Technology Opportunities Fund

(Get Free Report)

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.

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