Allianzgi Artificial Price, Forecast, Insider, Ratings, Fundamentals & Signals

Hartford, conn.--(business wire)--virtus artificial intelligence & technology opportunities fund (nyse: aio) previously announced the following monthly distribution on march 1, 2024: ticker amount of distribution ex-date record date payable date aio $0.15 april 10, 2024 april 11, 2024 april 29, 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 realized cap.

Hartford, conn.--(business wire)--virtus artificial intelligence & technology opportunities fund (nyse: aio) previously announced the following monthly distribution on march 1, 2024: ticker amount of distribution ex-date record date payable date aio $0.15 march 8, 2024 march 11, 2024 march 28, 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 realized capi.

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.

Hartford, conn.--(business wire)--virtus artificial intelligence & technology opportunities fund (nyse: aio) previously announced the following monthly distribution on november 16, 2023: ticker amount of distribution ex-date record date payable date aio $0.15 february 9, 2024 february 12, 2024 february 28, 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.

Hartford, conn.--(business wire)--virtus artificial intelligence & technology opportunities fund (nyse: aio) previously announced the following monthly distribution on november 16, 2023: ticker amount of distribution ex-date record date payable date aio $0.15 january 11, 2024 january 12, 2024 january 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 re.

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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.

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.

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.

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.

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.

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.

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

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.