Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Up 0.1%

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Virtus Global Multi-Sector Income Fund (NYSE:VGI) shares shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $12.63 and last traded at $12.57, 11,802 shares were traded during mid-day trading. A decline of 76% from the average session volume of 48,267 shares. The stock had previously closed at $12.56.

The company has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. boosted its holdings in Virtus Global Multi-Sector Income Fund by 45.5% in the 1st quarter. Centaurus Financial Inc. now owns 3,589 shares of the company’s stock worth $293,000 after buying an additional 1,122 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Virtus Global Multi-Sector Income Fund by 38.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 31,929 shares of the company’s stock valued at $404,000 after buying an additional 8,886 shares during the period. Advisor Group Inc. raised its position in shares of Virtus Global Multi-Sector Income Fund by 55.1% during the 2nd quarter. Advisor Group Inc. now owns 8,870 shares of the company’s stock valued at $112,000 after buying an additional 3,150 shares during the period. Mid Atlantic Financial Management Inc. ADV raised its position in shares of Virtus Global Multi-Sector Income Fund by 4.8% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 59,100 shares of the company’s stock valued at $748,000 after buying an additional 2,700 shares during the period. Finally, Invesco Ltd. raised its position in shares of Virtus Global Multi-Sector Income Fund by 6.0% during the 2nd quarter. Invesco Ltd. now owns 129,420 shares of the company’s stock valued at $1,638,000 after buying an additional 7,365 shares during the period.

About Virtus Global Multi-Sector Income Fund (NYSE:VGI)

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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