Sculptor Capital LP Takes Position in Virtus Total Return Fund Inc. $ZTR

Sculptor Capital LP bought a new position in shares of Virtus Total Return Fund Inc. (NYSE:ZTR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 217,653 shares of the investment management company’s stock, valued at approximately $1,487,000.

Other hedge funds have also added to or reduced their stakes in the company. Saba Capital Management L.P. acquired a new stake in Virtus Total Return Fund during the 1st quarter worth approximately $7,512,000. Ashton Thomas Securities LLC grew its holdings in Virtus Total Return Fund by 99.8% in the 1st quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock valued at $1,501,000 after buying an additional 113,300 shares in the last quarter. Royal Bank of Canada grew its holdings in Virtus Total Return Fund by 7.0% in the 1st quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company’s stock valued at $397,000 after buying an additional 3,920 shares in the last quarter. Beverly Hills Private Wealth LLC bought a new position in Virtus Total Return Fund during the 2nd quarter worth $161,000. Finally, Avise Financial Cooperative Inc. bought a new position in Virtus Total Return Fund during the 2nd quarter worth $160,000. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Total Return Fund Price Performance

ZTR opened at $6.79 on Wednesday. Virtus Total Return Fund Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $7.11. The stock has a fifty day moving average of $6.78 and a 200-day moving average of $6.78.

Virtus Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.055 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, August 13th.

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).