Virtus Global Multi-Sector Income Fund (NYSE:VGI) Trading 0.2% Higher – Still a Buy?

by · The Cerbat Gem

Shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) shot up 0.2% on Tuesday . The stock traded as high as $8.17 and last traded at $8.15. 21,456 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 39,715 shares. The stock had previously closed at $8.13.

Virtus Global Multi-Sector Income Fund Stock Down 0.2 %

The stock’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $7.65.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.75%.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter worth approximately $47,000. PFG Investments LLC bought a new stake in Virtus Global Multi-Sector Income Fund in the second quarter valued at $197,000. SeaCrest Wealth Management LLC increased its position in Virtus Global Multi-Sector Income Fund by 5.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 39,626 shares of the company’s stock valued at $304,000 after purchasing an additional 2,019 shares during the period. Wolverine Asset Management LLC raised its holdings in Virtus Global Multi-Sector Income Fund by 7.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 57,914 shares of the company’s stock worth $438,000 after purchasing an additional 4,039 shares in the last quarter. Finally, Matisse Capital lifted its position in shares of Virtus Global Multi-Sector Income Fund by 13.5% in the 2nd quarter. Matisse Capital now owns 77,022 shares of the company’s stock worth $583,000 after purchasing an additional 9,140 shares during the period.

Virtus Global Multi-Sector Income Fund Company Profile

(Get Free Report)

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.

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