Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.66 and traded as low as $10.61. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $11.38, with a volume of 485,573 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

The business’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $12.66.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 10.72%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NFJ. Bessemer Group Inc. acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the fourth quarter valued at $26,000. Transce3nd LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter valued at about $55,000. Atria Wealth Solutions Inc. bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter valued at about $149,000. Alteri Wealth LLC bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter valued at about $154,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 9.7% during the fourth quarter. Private Advisor Group LLC now owns 17,032 shares of the investment management company’s stock worth $215,000 after acquiring an additional 1,510 shares during the period.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.