Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.58 and traded as high as $15.27. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $15.1450, with a volume of 252,979 shares changing hands.
Virtus Dividend, Interest & Premium Strategy Fund Price Performance
The stock has a 50 day moving average price of $14.45 and a 200-day moving average price of $13.58.
Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.
Insider Transactions at Virtus Dividend, Interest & Premium Strategy Fund
Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
Several hedge funds and other institutional investors have recently modified their holdings of the business. Saba Capital Management L.P. grew its stake in 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 valued at $128,788,000 after acquiring an additional 1,573,163 shares in the last quarter. Focus Partners Wealth purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter worth approximately $12,643,000. Arete Wealth Advisors LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter worth approximately $6,757,000. Royal Bank of Canada boosted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 303.0% during the 1st quarter. Royal Bank of Canada now owns 459,053 shares of the investment management company’s stock worth $5,568,000 after purchasing an additional 345,156 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 364.9% during the 4th quarter. Shaker Financial Services LLC now owns 221,869 shares of the investment management company’s stock worth $2,860,000 after purchasing an additional 174,148 shares during the last quarter.
About Virtus Dividend, Interest & Premium Strategy Fund
The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.
Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.
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