Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Rating) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.88 and traded as high as $12.44. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.36, with a volume of 107,200 shares trading hands.
Virtus Dividend, Interest & Premium Strategy Fund Price Performance
The stock's 50-day moving average is $11.88 and its 200 day moving average is $11.79.
Get Virtus Dividend Interest & Premium Strategy Fund alerts:Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Monday, March 13th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date is Friday, March 10th.
Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
A number of large investors have recently added to or reduced their stakes in NFJ. Allspring Global Investments Holdings LLC increased its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,951,974 shares of the investment management company's stock worth $33,298,000 after purchasing an additional 573,678 shares in the last quarter. Karpus Management Inc. acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth about $3,266,000. Integrated Wealth Concepts LLC acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth about $1,412,000. Wolverine Asset Management LLC acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth about $1,254,000. Finally, Logan Stone Capital LLC boosted its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 565.1% during the 4th quarter. Logan Stone Capital LLC now owns 119,588 shares of the investment management company's stock worth $1,349,000 after buying an additional 101,607 shares during the last quarter.
About Virtus Dividend, Interest & Premium Strategy Fund
(Get Rating)
Virtus AllianzGI Dividend, Interest & Premium Strategy Fund is a closed-end investment fund. It seeks current income and gains, with a secondary objective of long-term capital appreciation. The company was founded on August 20, 2003 and is headquartered in New York, NY.
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