The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) showcased a 0.4% increase in its stock during Wednesday’s trading session. The stock showed a high of $20.03 and last traded at $20.03. An estimated 130,853 shares were traded during mid-day, marking a 6% decline from the average daily volume of 139,051 shares. The previous closing price was $19.95.
With a 50-day moving average price of $19.29 and a 200-day moving average price of $17.74, the stock has displayed consistent growth over time.
In addition to its positive stock performance, the Virtus Artificial Intelligence & Technology Opportunities Fund recently announced a dividend. Scheduled to be paid on Thursday, June 27th, investors of record on Thursday, June 13th will receive a dividend of $0.15 per share. This represents a yield of 9.2%. The stock will begin trading ex-dividend on Thursday, June 13th.
In terms of institutional trading, several large investors have bought and sold shares of the Virtus Artificial Intelligence & Technology Opportunities Fund. For instance, Janney Montgomery Scott LLC increased its stake in the company by 3.2% during the 4th quarter. This move saw the acquisition of an additional 539 shares, bringing their total holdings to 17,210 shares valued at $299,000.
Similarly, Claro Advisors LLC grew its stake by 2.4% in the same quarter, adding 733 shares to their portfolio. FNY Investment Advisers LLC saw a 25.0% increase in their holdings, which now amount to 5,000 shares worth $87,000. Bay Colony Advisory Group Inc d/b/a Bay Colony Advisors experienced a 9.4% growth during the 3rd quarter, acquiring an extra 1,194 shares valued at $230,000.
Lastly, Stifel Financial Corp rose by 1.3% in the 1st quarter, increasing their stake to 95,141 shares worth $1,655,000.
The Virtus Artificial Intelligence & Technology Opportunities Fund aims to generate long-term capital growth and a stable income stream by focusing on primed long-term market growth opportunities. Utilizing a multi-asset approach based on fundamental research, the company dynamically allocates resources to advantageous segments of a company’s debt and equity, providing an appealing risk/reward profile.
Further Reading:
– [Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile](https://www.example.com/companyprofile)
– [News & Ratings for Virtus Artificial Intelligence & Technology Opportunities Fund](https://www.example.com/newsratings)
Frequently Asked Questions (FAQ)
Q: What was the percentage increase in the Virtus Artificial Intelligence & Technology Opportunities Fund’s stock?
A: The stock demonstrated a 0.4% increase during Wednesday’s trading session.
Q: When does the Virtus Artificial Intelligence & Technology Opportunities Fund’s dividend payment occur?
A: The dividend will be paid on Thursday, June 27th, 2022.
Q: What is the yield of the dividend offered by the Virtus Artificial Intelligence & Technology Opportunities Fund?
A: The dividend represents a yield of 9.2%.
Q: What is the Virtus Artificial Intelligence & Technology Opportunities Fund’s strategy?
A: The company focuses on long-term market growth opportunities using a multi-asset approach based on fundamental research.
Q: Which large investors have recently traded the shares of the Virtus Artificial Intelligence & Technology Opportunities Fund?
A: Janney Montgomery Scott LLC, Claro Advisors LLC, FNY Investment Advisers LLC, Bay Colony Advisory Group Inc d/b/a Bay Colony Advisors, and Stifel Financial Corp.
Q: What is the purpose of the Virtus Artificial Intelligence & Technology Opportunities Fund’s multi-asset approach?
A: The approach aims to offer an appealing risk/reward profile by dynamically allocating resources to favorable segments of a company’s debt and equity.
The Virtus Artificial Intelligence & Technology Opportunities Fund operates in the technology and artificial intelligence industry. This industry encompasses businesses involved in the development and implementation of AI technologies, as well as companies that leverage technology to enhance their operations and drive growth.
The market for artificial intelligence and technology is experiencing robust growth, driven by the increasing adoption of AI across various sectors such as healthcare, finance, retail, and manufacturing. According to market forecasts, the global AI market is expected to reach a value of $190.61 billion by 2025, growing at a CAGR of 36.6% from 2019 to 2025. This growth is attributed to the potential benefits of AI in improving efficiency, productivity, and decision-making processes.
One of the key challenges in the AI and technology industry is the ethical and responsible use of AI. As AI technologies become more advanced and integrated into various aspects of society, concerns about privacy, bias, and job displacement arise. Regulatory frameworks and guidelines are being developed to address these issues and ensure that AI is deployed in a manner that is beneficial and fair to all stakeholders.
The Virtus Artificial Intelligence & Technology Opportunities Fund is well-positioned to capitalize on the growth opportunities in the industry. Its focus on identifying primed long-term market growth opportunities allows it to take advantage of emerging trends and technologies. The fund’s multi-asset approach, based on fundamental research, enables it to allocate resources strategically to favorable segments of a company’s debt and equity.
For more information about the Virtus Artificial Intelligence & Technology Opportunities Fund, please visit their company profile. To stay updated on news and ratings related to the fund, you can visit their News & Ratings page.
Frequently Asked Questions (FAQ)
Q: What was the percentage increase in the Virtus Artificial Intelligence & Technology Opportunities Fund’s stock?
A: The stock demonstrated a 0.4% increase during Wednesday’s trading session.
Q: When does the Virtus Artificial Intelligence & Technology Opportunities Fund’s dividend payment occur?
A: The dividend will be paid on Thursday, June 27th, 2022.
Q: What is the yield of the dividend offered by the Virtus Artificial Intelligence & Technology Opportunities Fund?
A: The dividend represents a yield of 9.2%.
Q: What is the Virtus Artificial Intelligence & Technology Opportunities Fund’s strategy?
A: The company focuses on long-term market growth opportunities using a multi-asset approach based on fundamental research.
Q: Which large investors have recently traded the shares of the Virtus Artificial Intelligence & Technology Opportunities Fund?
A: Janney Montgomery Scott LLC, Claro Advisors LLC, FNY Investment Advisers LLC, Bay Colony Advisory Group Inc d/b/a Bay Colony Advisors, and Stifel Financial Corp.
Q: What is the purpose of the Virtus Artificial Intelligence & Technology Opportunities Fund’s multi-asset approach?
A: The approach aims to offer an appealing risk/reward profile by dynamically allocating resources to favorable segments of a company’s debt and equity.