Zweig Fund, Inc. (The) (NYSE:ZF) insider Virtus Partners Inc sold 754,987 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $9,180,641.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Zweig Fund, Inc. (NYSE:ZF) traded up $0.01 during mid-day trading on Monday, reaching $12.80. 58,400 shares of the company traded hands, compared to its average volume of 113,121. Zweig Fund, Inc. has a one year low of $10.60 and a one year high of $13.16.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.361 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date is Thursday, January 4th.

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