1,751,170 Shares in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC acquired a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,751,170 shares of the investment management company’s stock, valued at approximately $10,857,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter valued at $170,000. Blue Bell Private Wealth Management LLC grew its position in shares of Virtus Global Dividend & Income Fund by 81.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 13,104 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Virtus Global Dividend & Income Fund by 9.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,028 shares during the last quarter. Integrated Capital Management Inc. lifted its stake in Virtus Global Dividend & Income Fund by 4.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock valued at $221,000 after buying an additional 1,911 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Virtus Global Dividend & Income Fund by 8.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock worth $285,000 after buying an additional 4,024 shares during the last quarter. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Trading Up 0.5 %

NYSE:ZTR opened at $6.06 on Monday. The stock has a 50 day moving average of $6.03 and a two-hundred day moving average of $5.76. Virtus Global Dividend & Income Fund Inc. has a 12 month low of $5.14 and a 12 month high of $6.21.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend is Thursday, March 13th.

About Virtus Global Dividend & Income Fund

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.