Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.79 and traded as high as $15.06. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $14.9860, with a volume of 153,824 shares changing hands.

Virtus Dividend, Interest & Premium Strategy Fund Trading Down 0.4%

The stock’s 50-day simple moving average is $14.79 and its two-hundred day simple moving average is $13.78.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.22 dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. WealthShield Partners LLC boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.5% in the fourth quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock valued at $630,000 after acquiring an additional 742 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock worth $101,000 after acquiring an additional 836 shares during the period. Uhlmann Price Securities LLC raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 2.3% during the 4th quarter. Uhlmann Price Securities LLC now owns 42,151 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 967 shares during the last quarter. Resources Management Corp CT ADV bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter valued at $28,000. Finally, Cetera Investment Advisers boosted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 7.7% in the 2nd quarter. Cetera Investment Advisers now owns 35,135 shares of the investment management company’s stock valued at $436,000 after purchasing an additional 2,521 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.