Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.305 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 14th.
Virtus Dividend, Interest & Premium Strategy Fund Stock Performance
NFJ opened at $15.67 on Friday. Virtus Dividend, Interest & Premium Strategy Fund has a 1 year low of $12.25 and a 1 year high of $15.75. The stock’s 50 day simple moving average is $15.33 and its 200 day simple moving average is $14.39.
Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. WealthShield Partners LLC lifted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 1.5% during the 4th quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock valued at $630,000 after acquiring an additional 742 shares during the period. M Holdings Securities Inc. raised its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 4.8% during the second quarter. M Holdings Securities Inc. now owns 16,988 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 783 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 836 shares during the period. Uhlmann Price Securities LLC lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 2.4% during the first quarter. Uhlmann Price Securities LLC now owns 43,174 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 1,023 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth approximately $26,000.
Virtus Dividend, Interest & Premium Strategy Fund Company Profile
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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