Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Rating)'s share price shot up 0.1% on Wednesday . The stock traded as high as $8.30 and last traded at $8.21. 59,052 shares changed hands during trading, an increase of 10% from the average session volume of 53,732 shares. The stock had previously closed at $8.20.
Virtus Global Multi-Sector Income Fund Trading Up 0.1 %
The company's 50-day moving average price is $7.93 and its two-hundred day moving average price is $8.01.
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Virtus Global Multi-Sector Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 24th. Stockholders of record on Monday, February 13th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.69%. The ex-dividend date of this dividend is Friday, February 10th.
Institutional Trading of Virtus Global Multi-Sector Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Virtus Global Multi-Sector Income Fund by 336.7% in the 1st quarter. Royal Bank of Canada now owns 6,441 shares of the company's stock worth $64,000 after purchasing an additional 4,966 shares during the period. Creative Planning purchased a new position in Virtus Global Multi-Sector Income Fund in the 2nd quarter worth $95,000. Moors & Cabot Inc. purchased a new position in Virtus Global Multi-Sector Income Fund in the 2nd quarter worth $107,000. Landscape Capital Management L.L.C. raised its position in Virtus Global Multi-Sector Income Fund by 39.1% in the 2nd quarter. Landscape Capital Management L.L.C. now owns 16,776 shares of the company's stock worth $139,000 after purchasing an additional 4,714 shares during the period. Finally, SeaCrest Wealth Management LLC raised its position in Virtus Global Multi-Sector Income Fund by 8.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 19,793 shares of the company's stock worth $148,000 after purchasing an additional 1,613 shares during the period.
Virtus Global Multi-Sector Income Fund Company Profile
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Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.
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