Zweig Fund, Inc. (The) (NYSE:ZF) Director Brian T. Zino bought 1,900 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average cost of $12.79 per share, for a total transaction of $24,301.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zweig Fund, Inc. (NYSE:ZF) traded down $0.05 during trading on Wednesday, hitting $12.70. 65,100 shares of the company’s stock were exchanged, compared to its average volume of 112,850. Zweig Fund, Inc. has a 12-month low of $10.60 and a 12-month high of $13.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th will be paid a $0.361 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Thursday, January 4th.

A hedge fund recently bought a new stake in Zweig Fund stock. BNP Paribas Arbitrage SA acquired a new stake in Zweig Fund, Inc. (The) (NYSE:ZF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,717 shares of the closed-end fund’s stock, valued at approximately $498,000. Institutional investors and hedge funds own 12.78% of the company’s stock.

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About Zweig Fund

Virtus Total Return Fund Inc (the Fund), formerly The Zweig Fund, Inc, is a closed-end, diversified management investment company. The Fund’s investment objective is capital appreciation, with income as a secondary objective. The Fund has a target allocation of investing approximately 60% of its total assets in equity securities and 40% fixed income.

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