Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report) announced a monthly dividend on Wednesday, September 23rd. Stockholders of record on Tuesday, October 13th will be given a dividend of 0.21 per share on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 16.7% increase from Virtus Artificial Intelligence & Technology Opportunities Fund’s previous monthly dividend of $0.18.
Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance
Shares of NYSE:AIO traded down $0.16 during midday trading on Thursday, hitting $24.79. The stock had a trading volume of 15,731 shares, compared to its average volume of 87,781. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $20.91 and a 12 month high of $28.60. The business’s 50-day simple moving average is $25.71 and its 200-day simple moving average is $25.24.
Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund
A number of institutional investors and hedge funds have recently modified their holdings of AIO. Integrated Wealth Concepts LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $34,000. NewEdge Advisors LLC raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 60.1% in the second quarter. NewEdge Advisors LLC now owns 19,819 shares of the company’s stock valued at $556,000 after buying an additional 7,442 shares during the period. HighTower Advisors LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at approximately $261,000. Clay Northam Wealth Management LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at approximately $215,000. Finally, Continuum Advisory LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $28,000.
About Virtus Artificial Intelligence & Technology Opportunities Fund
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.
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