Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Stock Price Down 1.4% – Here’s What Happened

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was down 1.4% during mid-day trading on Thursday . The stock traded as low as $22.67 and last traded at $23.01. Approximately 105,882 shares traded hands during trading, an increase of 26% from the average daily volume of 83,921 shares. The stock had previously closed at $23.34.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

The business has a 50 day moving average price of $23.51 and a 200-day moving average price of $24.02.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Thursday, February 12th.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at $25,000. Cornerstone Planning Group LLC boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock worth $27,000 after buying an additional 1,014 shares in the last quarter. Spire Wealth Management acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter valued at about $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $148,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.