Shaker Financial Services buys $919,604 stake in The Zweig Fund (ZF)

The Zweig Fund (ZF) : Shaker Financial Services scooped up 43,624 additional shares in The Zweig Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 71,788 shares of The Zweig Fund which is valued at $919,604.The Zweig Fund makes up approximately 0.62% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Tradewinds Capital Management reduced its stake in ZF by selling 39 shares or 38.24% in the most recent quarter. The Hedge Fund company now holds 63 shares of ZF which is valued at $808. Financial Investment Management Group Ltd sold out all of its stake in ZF during the most recent quarter. The investment firm sold 18,145 shares of ZF which is valued $232,800.Creative Planning boosted its stake in ZF in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 5,361 shares of The Zweig Fund which is valued at $68,192.

The Zweig Fund closed down -0.05 points or -0.39% at $12.76 with 58,265 shares getting traded on Thursday. Post opening the session at $12.8, the shares hit an intraday low of $12.69 and an intraday high of $12.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 invests in Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology Materials and Telecommunication Services. Virtus Fund Services LLC an indirect wholly owned subsidiary of Virtus serves as administrator to the Fund. Zweig Advisers LLC is the adviser to the Fund.

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