Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $14.40 and traded as low as $14.15. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $14.2210, with a volume of 486,412 shares changing hands.
Virtus Dividend, Interest & Premium Strategy Fund Trading Down 1.9%
The business has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $14.40.
Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were given a $0.3050 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.6%.
Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 18.2% during the 1st quarter. Saba Capital Management L.P. now owns 10,213,194 shares of the investment management company’s stock worth $128,788,000 after acquiring an additional 1,573,163 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the first quarter valued at approximately $6,757,000. Evolve Private Wealth LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at approximately $2,483,000. Advisor OS LLC lifted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 221.1% during the second quarter. Advisor OS LLC now owns 167,200 shares of the investment management company’s stock worth $2,540,000 after purchasing an additional 115,128 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter worth $1,412,000.
Virtus Dividend, Interest & Premium Strategy Fund Company Profile
Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end investment fund traded on the New York Stock Exchange under the symbol NFJ. The fund seeks to provide current income and long-term capital appreciation through a portfolio of dividend-paying equity securities, convertible securities and interest-bearing investments.
As part of its premium-income strategy, the fund may write covered call options on selected portfolio holdings. This approach is designed to generate additional option-premium income while maintaining exposure to equity markets.
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