Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Down 0.1% – Time to Sell?

Virtus Global Multi-Sector Income Fund (NYSE:VGI)’s share price dropped 0.1% on Thursday . The company traded as low as $7.28 and last traded at $7.3350. Approximately 69,461 shares were traded during trading, an increase of 69% from the average session volume of 41,046 shares. The stock had previously closed at $7.34.

Virtus Global Multi-Sector Income Fund Stock Performance

The company’s 50 day moving average price is $7.42 and its 200-day moving average price is $7.60.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be paid a $0.08 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 13.1%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Large investors have recently bought and sold shares of the company. Comerica Bank raised its stake in shares of Virtus Global Multi-Sector Income Fund by 28.9% in the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after buying an additional 1,303 shares during the period. International Assets Investment Management LLC bought a new position in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth $53,000. Bank of America Corp DE increased its holdings in Virtus Global Multi-Sector Income Fund by 176.2% in the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after acquiring an additional 6,660 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in Virtus Global Multi-Sector Income Fund in the 4th quarter worth about $94,000. Finally, Van Diest Capital LLC bought a new stake in Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $97,000.

About Virtus Global Multi-Sector Income Fund

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.