Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Trading Up 0.4% – What’s Next?

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)’s share price was up 0.4% on Monday . The stock traded as high as $24.88 and last traded at $24.81. Approximately 81,283 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 102,916 shares. The stock had previously closed at $24.72.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

The stock’s fifty day moving average price is $22.74 and its two-hundred day moving average price is $22.93.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Monday, May 11th.

Insider Buying and Selling at Virtus Artificial Intelligence & Technology Opportunities Fund

In other news, EVP William Patrick Bradley III sold 2,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $21.56, for a total transaction of $43,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors have recently modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 2.8% during the fourth quarter. Truist Financial Corp now owns 16,364 shares of the company’s stock worth $356,000 after purchasing an additional 446 shares during the period. NBC Securities Inc. boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the fourth quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock worth $156,000 after purchasing an additional 561 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,497 shares of the company’s stock worth $997,000 after purchasing an additional 724 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,065 shares of the company’s stock worth $436,000 after purchasing an additional 847 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $25,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.