Virtus Total Return Fund (NYSE:ZTR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.67 and traded as low as $6.09. Virtus Total Return Fund shares last traded at $6.1890, with a volume of 95,746 shares trading hands.

Virtus Total Return Fund Trading Up 2.0%

The company has a fifty day moving average of $6.50 and a 200 day moving average of $6.67.

Virtus Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.0550 per share. This represents a $0.66 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, November 12th.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC lifted its holdings in shares of Virtus Total Return Fund by 11.2% in the second quarter. CoreCap Advisors LLC now owns 26,367 shares of the investment management company’s stock valued at $180,000 after buying an additional 2,648 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Virtus Total Return Fund by 21.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock valued at $113,000 after buying an additional 2,982 shares in the last quarter. Royal Bank of Canada grew its holdings in Virtus Total Return Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company’s stock worth $397,000 after acquiring an additional 3,920 shares during the period. Kestra Advisory Services LLC grew its holdings in Virtus Total Return Fund by 29.5% during the first quarter. Kestra Advisory Services LLC now owns 36,447 shares of the investment management company’s stock worth $241,000 after acquiring an additional 8,309 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in Virtus Total Return Fund by 85.4% during the second quarter. Concurrent Investment Advisors LLC now owns 22,341 shares of the investment management company’s stock worth $153,000 after acquiring an additional 10,291 shares during the period. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund (NYSE: ZTR) is a closed-end investment fund designed to pursue total return through a combination of current income and capital appreciation. Rather than operating as a traditional company, the fund invests shareholder capital in a diversified portfolio of securities.

The fund may invest in equity securities, fixed-income instruments, convertible securities and other investments issued by companies and governments in the United States and international markets.