Virtus Artificial Intelligence & Technology Opportunities Fund

The full company name is Virtus Artificial Intelligence & Technology Opportunities Fund.

Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has seen strong performance, driven by a narrowing discount and also AI-related investments. AIO's hybrid approach includes equities, convertibles, and high-yield bonds, making it more diversified but potentially limiting the relative returns. The fund comes with an attractive distribution yield that is paid monthly, which can be appealing to income-oriented investors.

AIO: Strong Performance For This Hybrid 'AI' Themed Fund

The AI technology trend has driven significant outperformance for AI-related growth stocks like Nvidia and Microsoft, with closed-end funds like BlackRock Science and Technology Term Trust and Virtus Artificial Intelligence & Technology Opportunities Fund offering high-yield income opportunities. The AIO CEF has delivered nearly 70% total return since August 2022, but I'm downgrading it to a Hold due to lack of NAV discount and potential tech stock volatility. AIO's stable monthly distribution and diversified holdings in tech, healthcare, and financials make it a solid long-term investment, despite potential market corrections.

AIO: Nothing Artificial About The Total Return From This High Yield Equity CEF

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.15 December 12, 2024 December 30, 2024 $0.15 January 13, 2025 January 30, 2025 $0.15 February 13, 2025 February 27, 2025 $0.15 March 13, 2025 March 28, 2025 The Fund previously announced the following monthly distribution on August 29, 2024: Amount of Distribution Ex-Date R.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on August 29, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date AIO $0.15 October 11, 2024 October 11, 2024 October 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and real.

Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice

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24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.15 September 13, 2024 September 13, 2024 September 26, 2024 $0.15 October 11, 2024 October 11, 2024 October 30, 2024 $0.15 November 12, 2024 November 12, 2024 November 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent dis.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions

Earnings estimates for AI-related companies are declining, leading to a shift towards value and cyclical stocks. The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has been downgraded from buy to hold due to bearish seasonal trends and stretched valuation. AIO's portfolio heavily focuses on growth stocks, with limited exposure to value positions, leading to uncertainty in liquidity metrics.

AIO: EPS Growth Trending Lower For AI Companies (Rating Downgrade)

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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

Virtus Artificial Intelligence & Technology Opportunities Fund offers an interesting combination of income and potential capital growth in the AI sector.

AIO: Steady Income From AI

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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.15 March 8, 2024 March 11, 2024 March 28, 2024 $0.15 April 10, 2024 April 11, 2024 April 29, 2024 $0.15 May 10, 2024 May 13, 2024 May 30, 2024 $0.15 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution - Section 19(a) Notice

AIO, a CEF focused on artificial intelligence and technology, has seen changes in its portfolio and a decrease in its discount. The top holdings of AIO have recently shifted more toward AI leaders like NVDA and MSFT. The fund uses a managed monthly distribution plan and has a limited-term feature with a termination date in 2031.

AIO: Time To Trim Some Profits

NVIDIA's shares have been performing well, up over 40% this year, and its earnings report will impact the AI theme. The Virtus Artificial Intelligence & Technology Opportunities Fund offers diversification and exposure to AI. AIO has a concentrated tech and healthcare portfolio, reasonable valuation, and potential for a bullish breakout to $25.

AI In Focus Ahead Of Nvidia's Earnings, Assessing AIO's Outlook

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In Part I of my Top Picks For 2024, I explained why we saw such extreme valuation losses in most equity CEFs in 2023 and what that could-mean for 2024. In my opinion, liquidity was the over-riding factor for why so few stocks, think Magnificent 7, received the lion's share of buy-interest while most everything else suffered, including equity CEFs. But just because the Federal Reserve will continue its Quantitative Tapering doesn't mean that other Fed programs won't increase liquidity in other places.

Equity CEFs/ETFs: Top Picks For 2024 - Part II

Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has added more AI and tech companies to its portfolio. However, the fund's performance has been relatively lackluster compared to its tech-oriented peers, as its differentiated approach has been a drag on results. AIO offers an attractive distribution rate of 11.02%, but the capital gains to fund the payout have been lacking recently.

AIO: Some AI Exposure, But Not Exactly An AI Play

Virtus Artificial Intelligence & Technology Opportunities Fund holds unconventional AI-related companies in its top holdings. In this case, AI is not limited to the IT sector and has applications in healthcare, finance, transportation, manufacturing, and education signifying capital gains as productivity gains come to the fore. On the other hand, its multi-asset income-generating strategy, which also includes high-yield bonds in addition to equities, may be risky.

AIO: Appealing AI Theme, But Income Strategy Could Suffer

I am upgrading The Virtus Artificial Intelligence & Technology Opportunities Fund to a buy due to its decent valuation and improved technical outlook. The fund's portfolio is largely in the large-cap space with a significant tilt toward the growth style. It includes common stocks and convertibles, and its largest sectors are Information Technology, Consumer Discretionary, and Healthcare. The fund made an upside move in late May and early June, and it is expected that there could be a longer-lived bull market now that the 200-day moving average has flattened and will likely turn upward soon.

A Less Risky And Diversified AI Play Breaking Out: AIO A Buy

AIO is marketed as an artificial intelligence fund that pays a high yield. The fund pays an attractive 10.7% forward yield.

AIO: Not The AI Exposure You Would Expect

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have announced that they will hold a virtual joint meeting of shareholders on May 22, 2023 at 1 p.m. EDT.

Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings

HARTFORD, Conn. , Feb. 17, 2023 /PRNewswire/ -- Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on December 2, 2022:   Amount of Distribution Ex-Date Record Date Payable Date $0.15 February 10, 2023 February 13, 2023 March 1, 2023 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof.

Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution - Section 19(a) Notice

HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio manager, effective today.

Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager

AIO had outperformed its 'peers' through 2022, though still down quite significantly for the year. Its portfolio is quite different, with meaningful allocations outside technology that helped provide this relative outperformance.

AIO: Its Differences Make A Difference

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2022 was a year to forget, while most believe 2023 will begin with the same issues that took the equity and bond markets well into bear market territory last year. That is, a hawkish Federal Reserve that doesn't want to let up on strangling inflation into submission while draining market liquidity.

News for Virtus Artificial Intelligence & Technology Opportunities Fund ETF (AIO)