Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) declared a monthly dividend on Wednesday, September 2nd. Investors of record on Thursday, November 12th will be given a dividend of 0.08 per share on Friday, November 27th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Thursday, November 12th.
Virtus Global Multi-Sector Income Fund Price Performance
VGI opened at $7.34 on Thursday. The company’s 50 day moving average is $7.35 and its 200 day moving average is $7.47. Virtus Global Multi-Sector Income Fund has a 12-month low of $7.18 and a 12-month high of $8.09.
Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund
Institutional investors have recently bought and sold shares of the business. Comerica Bank grew its stake in Virtus Global Multi-Sector Income Fund by 28.9% in the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after acquiring an additional 1,303 shares during the period. International Assets Investment Management LLC purchased a new position in Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $53,000. Bank of America Corp DE increased its stake in Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after buying an additional 6,660 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter worth $94,000. Finally, Van Diest Capital LLC acquired a new position in Virtus Global Multi-Sector Income Fund during the fourth quarter worth about $97,000.
Virtus Global Multi-Sector Income Fund Company Profile
The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.
The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.
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