Virtus Total Return Fund Inc. (ZTR) to Issue Monthly Dividend of $0.05 on March 30th

Virtus Total Return Fund Inc. (NYSE:ZTR) announced a monthly dividend on Wednesday, March 4th. Investors of record on Monday, March 16th will be given a dividend of 0.05 per share by the investment management company on Monday, March 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Monday, March 16th.

Virtus Total Return Fund Trading Up 0.2%

Shares of Virtus Total Return Fund stock opened at $6.84 on Friday. The company has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $6.48. Virtus Total Return Fund has a twelve month low of $5.22 and a twelve month high of $7.11.

Institutional Trading of Virtus Total Return Fund

Several large investors have recently modified their holdings of ZTR. Gridiron Partners LLC raised its stake in Virtus Total Return Fund by 7,620.7% in the third quarter. Gridiron Partners LLC now owns 1,442,455 shares of the investment management company’s stock valued at $9,304,000 after purchasing an additional 1,423,772 shares in the last quarter. North Ground Capital grew its stake in Virtus Total Return Fund by 121.5% during the third quarter. North Ground Capital now owns 1,197,000 shares of the investment management company’s stock worth $7,721,000 after buying an additional 656,500 shares in the last quarter. Alpine Global Management LLC bought a new position in Virtus Total Return Fund in the 3rd quarter valued at about $4,064,000. Advisors Asset Management Inc. bought a new position in Virtus Total Return Fund in the 4th quarter valued at about $822,000. Finally, Bank of America Corp DE raised its position in shares of Virtus Total Return Fund by 33.9% in the 2nd quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company’s stock valued at $2,108,000 after buying an additional 85,767 shares in the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).