SIT Investment Associates Updates ZTR Stake as of Dec 31, 2023
Ticker: ZTR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 836412
| Field | Detail |
|---|---|
| Company | Virtus Total Return Fund Inc. (ZTR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: ZTR
TL;DR
**SIT Investment Associates still holds ZTR, showing continued institutional confidence.**
AI Summary
SIT Investment Associates Inc. filed an amended Schedule 13G/A on February 9, 2024, indicating their ownership in Virtus Total Return Fund Inc. (ZTR) as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in the fund. This matters to investors because it shows a significant institutional holder maintains its position, which can signal confidence in the fund's long-term strategy.
Why It Matters
This filing confirms a major institutional investor, SIT Investment Associates Inc., continues to hold a significant stake in Virtus Total Return Fund Inc. (ZTR), providing a degree of stability and institutional confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate change in their passive investment strategy.
Analyst Insight
An investor should note that a significant institutional holder, SIT Investment Associates Inc., has updated its passive stake in Virtus Total Return Fund Inc. (ZTR) as of December 31, 2023. This indicates continued institutional interest but doesn't suggest any immediate change in the fund's prospects or the investor's strategy.
Key Players & Entities
- SIT Investment Associates Inc. (company) — the entity filing the SC 13G/A
- Virtus Total Return Fund Inc. (company) — the issuer of the securities (ZTR)
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section and the title 'SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)'.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is Virtus Total Return Fund Inc., identified by its 'COMPANY CONFORMED NAME: Virtus Total Return Fund Inc.' and ticker symbol (ZTR).
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is SIT Investment Associates Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SIT INVESTMENT ASSOCIATES INC'.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Common Stock of Virtus Total Return Fund Inc. is 92835W107, as explicitly stated under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding Virtus Total Return Fund Inc. (ZTR).