Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report)’s stock price traded down 0.7% during trading on Tuesday. The stock traded as low as $23.02 and last traded at $23.3310. Approximately 108,787 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 88,061 shares. The stock had previously closed at $23.50.
Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 0.7%
The firm’s fifty day moving average is $25.34 and its 200-day moving average is $25.64.
Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.52 annualized dividend and a dividend yield of 10.8%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Continuum Advisory LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at about $28,000. Integrated Wealth Concepts LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth $34,000. Fifth Third Bancorp acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the first quarter worth $85,000. Northwestern Mutual Wealth Management Co. increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 57.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,925 shares of the company’s stock worth $110,000 after purchasing an additional 1,425 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter valued at about $113,000.
About Virtus Artificial Intelligence & Technology Opportunities Fund
Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, closed-end investment fund listed on the New York Stock Exchange under the ticker symbol AIO. The fund seeks to provide total return through a combination of capital appreciation and income by investing in companies that it believes may benefit from the development, adoption, and use of artificial intelligence and other technology innovations.
The fund invests primarily in equity securities, including common stocks, of companies involved in areas such as artificial intelligence, automation, cloud computing, semiconductors, software, cybersecurity, data infrastructure, and related technologies.
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