Insider Selling: Zweig Fund, Inc. (The) (ZF) Insider Sells 754,987 Shares of Stock
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.
TRADEMARK VIOLATION WARNING: “Insider Selling: Zweig Fund, Inc. (The) (ZF) Insider Sells 754,987 Shares of Stock” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/18/insider-selling-zweig-fund-inc-the-zf-insider-sells-754987-shares-of-stock.html.
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.
Receive News & Ratings for Zweig Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zweig Fund and related companies with MarketBeat.com's FREE daily email newsletter.