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Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Welcome to our dedicated page for Virtus Investment Partners news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investment Partners stock.

Virtus Investment Partners, Inc. (Nasdaq: VRTS) is a premier investment management firm dedicated to providing high-quality investment products and services to both individuals and institutions. Known for its integrity, quality, and strength, the company operates on a multi-manager model that encompasses several affiliated managers, each with distinct investment styles and autonomous processes. This structure allows Virtus to offer a wide array of investment options, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

The company's core business revolves around generating revenue through investment management fees, distribution and service fees, and administration and shareholder service fees. Headquartered in the United States, Virtus serves clients nationwide, building lasting partnerships and ensuring their success as investors. The firm places a strong emphasis on client responsibility and is committed to delivering exceptional value.

Recent Achievements and Current Projects:

  • Virtus has expanded its suite of investment products to include more ESG (Environmental, Social, and Governance) focused funds, reflecting a growing investor demand for responsible and sustainable investing options.
  • The firm has also undertaken significant digital transformation projects aimed at enhancing the client experience through cutting-edge technology and user-friendly platforms.

Financial Condition:

Virtus Investment Partners has shown robust financial performance, evidenced by consistent growth in assets under management (AUM) and a strong balance sheet. The company’s revenue streams are well-diversified, providing a stable financial foundation and resilience against market fluctuations.

Partnerships:

The company collaborates with a variety of financial institutions and advisory firms to broaden its reach and improve service offerings. These partnerships enable Virtus to deliver specialized investment solutions and maintain a competitive edge in the asset management industry.

Virtus Investment Partners continues to adapt to market trends and economic conditions, ensuring that they remain a trusted partner for investors seeking comprehensive investment strategies and superior portfolio management.

For important disclaimers and more information, please visit Virtus Social Media Guidelines.

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Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.05 per share, payable on March 28, 2024, under its Managed Distribution Plan. Shareholders should be aware that the distribution may include a return of capital if income and gains are insufficient.
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Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) announced a dividend payment of 21 cents per share, following its Managed Distribution Plan. The Fund will distribute all available investment income to shareholders and supplement with capital gains if needed. The estimated March quarterly distribution shows a significant portion from return of capital. The Fund's average annual total return on NAV for 5 years is 0.91%, with an 8.12% current distribution rate. Cumulative total return on NAV for the fiscal year is 6.27%.
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Virtus Investment Partners, Inc. (VRTS) reported preliminary assets under management of $176.1 billion as of February 29, 2024, showing growth from the previous month. The company also serviced $2.6 billion of other fee-earning assets. The assets were distributed across various product types and asset classes, with notable increases in Equity and Institutional Accounts.
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Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced additions to its portfolio management team and monthly distributions for March, April, May, and June 2024. Darin Batchman and Richard Lange joined the team as portfolio managers. The distributions are estimated and subject to change based on investment experience.
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Virtus Total Return Fund Inc. (NYSE: ZTR) announced new additions to its portfolio management team and monthly distributions for March, April, May, and June 2024. The Fund added Rodney C. Clayton, CFA, and Steven Wittwer, CFA, with a combined 45 years of industry experience. The Fund's Managed Distribution Plan aims to maintain a consistent distribution level from net investment income and realized capital gains. Shareholders should be aware that any shortfall in income and gains will be distributed from the Fund's assets.
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Virtus Dividend, Interest & Premium Strategy Fund (NFJ) announced a 14% increase in its quarterly distribution to $0.280 per share, effective March 8, 2024. The Fund aims to enhance shareholder value by offering a more attractive distribution rate and reducing the discount to net asset value. This new distribution equates to a per annum rate of approximately 9.1% based on market price and 7.7% based on NAV.
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Virtus Convertible & Income 2024 Target Term Fund (CBH) announces termination plans.
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Virtus Equity & Convertible Income Fund (NIE) declared a quarterly distribution of $0.50 per share, payable on March 28, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains, with any shortfall covered by the Fund's assets.
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Virtus Convertible & Income Fund II (NCZ) declares a $0.34375 per share cash distribution for Series A cumulative preferred shareholders. The shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 per share and were issued at $25.00 per share in 2018.
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Virtus Convertible & Income Fund (NCV) declared a $0.3515625 per share cash distribution for Series A cumulative preferred shareholders. The shares are rated 'A' by Fitch Ratings with an annual dividend rate of $1.40625 per share. The distribution represents the accrual period from January 1, 2024, through March 31, 2024.
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FAQ

What is the current stock price of Virtus Investment Partners (VRTS)?

The current stock price of Virtus Investment Partners (VRTS) is $235.88 as of November 18, 2024.

What is the market cap of Virtus Investment Partners (VRTS)?

The market cap of Virtus Investment Partners (VRTS) is approximately 1.7B.

What does Virtus Investment Partners, Inc. specialize in?

Virtus Investment Partners specializes in providing investment management products and services, including mutual funds, ETFs, and variable insurance funds.

How does Virtus Investment Partners generate revenue?

The company generates revenue through investment management fees, distribution and service fees, and administration and shareholder service fees.

What is the business model of Virtus Investment Partners?

Virtus operates a multi-manager asset management business, comprising several affiliated managers with distinct investment styles and autonomous processes.

Where is Virtus Investment Partners headquartered?

The company is headquartered in the United States and serves clients nationwide.

What recent achievements has Virtus Investment Partners accomplished?

Virtus has expanded its investment products to include more ESG-focused funds and has enhanced client experience through significant digital transformation projects.

How does Virtus Investment Partners ensure client success?

Virtus places a strong emphasis on client responsibility and is dedicated to delivering exceptional value and comprehensive investment strategies.

What is the financial condition of Virtus Investment Partners?

Virtus shows robust financial performance with consistent growth in assets under management (AUM) and a strong balance sheet.

Who are the partners of Virtus Investment Partners?

Virtus collaborates with various financial institutions and advisory firms to broaden its reach and improve service offerings.

What types of investment products does Virtus offer?

Virtus offers a wide range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

Where can I find more information about Virtus Investment Partners?

For more information, including important disclaimers, visit Virtus' social media guidelines page at https://www.virtus.com/social-media-guidelines.

Virtus Investment Partners, Inc.

NYSE:VRTS

VRTS Rankings

VRTS Stock Data

1.68B
7.13M
6.12%
84.22%
1.06%
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