Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) expects monthly dividend of $0.15


Virtus AllianzGI Technology and Artificial Intelligence Opportunities Fund (NYSE:AIO – Get Rating) declared a monthly dividend on Thursday, June 9, The Wall Street Journal reports. Shareholders of record on Thursday August 11 will receive a dividend of 0.15 per share on Thursday September 1. This represents a dividend of $1.80 on an annualized basis and a yield of 10.10%. The ex-date of this dividend is Wednesday, August 10.

The stock of the Virtus AllianzGI Artificial Intelligence and Technology Opportunities Fund traded down $0.60 during trading hours on Thursday, hitting $17.82. 164,575 shares were traded, against an average volume of 128,338. The company’s 50-day moving average is $19.13 and its 200-day moving average is $22.15. Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $16.66 and a 52 week high of $28.67.

Institutional investors and hedge funds have recently changed their positions in the company. Advisors Asset Management Inc. increased its stake in Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund by 39.5% in Q1. Advisors Asset Management Inc. now owns 267,380 shares of the company valued at $5,845,000 after acquiring an additional 75,695 shares in the last quarter. Royal Bank of Canada increased its stake in the shares of the Virtus AllianzGI Artificial Intelligence & Technology Opportunities fund by 16.9% during the 1st quarter. Royal Bank of Canada now owns 262,242 shares of the company worth $5,732,000 after buying an additional 37,935 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of the Virtus AllianzGI Artificial Intelligence & Technology Opportunities fund by 21.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 216,305 shares of the company worth $5,362,000 after acquiring 37,921 additional shares in the last quarter. UBS Group AG increased its position in shares of the Virtus AllianzGI Artificial Intelligence & Technology Opportunities fund by 7.1% in the first quarter. UBS Group AG now owns 536,183 shares of the company worth $11,721,000 after acquiring 35,686 additional shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in the shares of the Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund in the first quarter worth approximately $648,000.

Company Profile Virtus AllianzGI Artificial Intelligence and Technology Opportunity Fund (Get an assessment)

The Fund seeks to generate a steady stream of income and capital growth by focusing on one of the most significant long-term secular growth opportunities in the markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating attractive segments of a company’s debt and equity to provide an attractive risk/return profile.

Further reading

Dividend history for Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)



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