Insider Buying: Zweig Fund, Inc. (The) (NYSE:ZF) Director Buys 1,900 Shares of Stock

Zweig Fund, Inc. (The) (NYSE:ZF) Director Brian T. Zino purchased 1,900 shares of Zweig Fund stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of $12.79 per share, for a total transaction of $24,301.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Zweig Fund, Inc. (NYSE:ZF) opened at $12.35 on Friday. Zweig Fund, Inc. has a 52-week low of $10.70 and a 52-week high of $13.16.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were given a dividend of $0.361 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.44 dividend on an annualized basis and a yield of 11.69%.

A hedge fund recently bought a new stake in Zweig Fund stock. BNP Paribas Arbitrage SA bought a new stake in shares of Zweig Fund, Inc. (The) (NYSE:ZF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,717 shares of the closed-end fund’s stock, valued at approximately $498,000. 12.78% of the stock is owned by institutional investors.

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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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