Virtus Investment Partners To Transfer Listing Of Common Stock To New York Stock Exchange
Portfolio Pulse from Benzinga Newsdesk
Virtus Investment Partners (VRTS), a multi-boutique asset management firm, is transferring its common stock listing from NASDAQ to NYSE. The transfer will take place after market close on January 16, with VRTS shares trading on NYSE from January 17, retaining the same ticker symbol. Virtus, celebrating its 15th anniversary as an independent public company, manages $165.5 billion in assets as of November 30, 2023. The move to NYSE is aimed at providing long-term value for shareholders and joining many leading financial institutions.
January 05, 2024 | 2:03 pm
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Virtus Investment Partners is transferring its stock listing from NASDAQ to NYSE, which may increase visibility and potentially attract more investors.
Listing on the NYSE can enhance a company's visibility and prestige, which might lead to increased investor interest and potentially a positive impact on the stock price in the short term. However, the actual impact on the stock price can be uncertain as it depends on market perception and other concurrent market factors.
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