Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.90 and traded as high as $13.08. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.75, with a volume of 210,432 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

The stock has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $12.32.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.22 annualized dividend and a yield of 9.6%.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the first quarter valued at about $263,000. LPL Financial LLC grew its position in Virtus Dividend, Interest & Premium Strategy Fund by 173.8% during the 1st quarter. LPL Financial LLC now owns 594,485 shares of the investment management company’s stock worth $7,211,000 after acquiring an additional 377,371 shares during the last quarter. Shaker Financial Services LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter worth approximately $2,036,000. Envestnet Asset Management Inc. lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 214,027 shares of the investment management company’s stock valued at $2,596,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Alteri Wealth LLC boosted its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 14.2% during the first quarter. Alteri Wealth LLC now owns 13,893 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 1,725 shares during the period.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.