Virtus Total Return Fund Inc. (NYSE:ZTR) to Issue Monthly Dividend of $0.06

Virtus Total Return Fund Inc. (NYSE:ZTR) announced a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be paid a dividend of 0.055 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Monday, September 14th.

Virtus Total Return Fund Price Performance

ZTR stock opened at $6.75 on Thursday. Virtus Total Return Fund has a one year low of $6.17 and a one year high of $7.11. The firm has a 50 day simple moving average of $6.79 and a two-hundred day simple moving average of $6.78.

Institutional Investors Weigh In On Virtus Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of ZTR. Ameritas Advisory Services LLC grew its position in Virtus Total Return Fund by 70.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 25,403 shares of the investment management company’s stock worth $174,000 after acquiring an additional 10,521 shares during the last quarter. Advisory Solutions Group LLC purchased a new position in Virtus Total Return Fund in the 2nd quarter worth approximately $100,000. Concurrent Investment Advisors LLC lifted its position in Virtus Total Return Fund by 85.4% in the second quarter. Concurrent Investment Advisors LLC now owns 22,341 shares of the investment management company’s stock valued at $153,000 after purchasing an additional 10,291 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Virtus Total Return Fund in the second quarter valued at approximately $2,529,000. Finally, Bank of America Corp DE bought a new stake in Virtus Total Return Fund in the second quarter valued at approximately $1,756,000. Institutional investors own 47.14% of the company’s stock.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).