Gridiron Partners LLC Lowers Stock Holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Gridiron Partners LLC trimmed its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 15.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,039 shares of the investment management company’s stock after selling 3,634 shares during the quarter. Gridiron Partners LLC’s holdings in Virtus Global Dividend & Income Fund were worth $120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZTR. IFP Advisors Inc purchased a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at about $29,000. HighTower Advisors LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth approximately $60,000. Jane Street Group LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth approximately $76,000. Alpine Global Management LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth approximately $79,000. Finally, CF Capital LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

Shares of NYSE:ZTR opened at $6.18 on Friday. Virtus Global Dividend & Income Fund Inc. has a twelve month low of $5.22 and a twelve month high of $6.26. The firm has a 50 day simple moving average of $5.96 and a 200-day simple moving average of $5.94.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a jul 25 dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, July 11th will be issued a $0.05 dividend. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 9.8%.

Virtus Global Dividend & Income Fund Company Profile

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.