Key Points
- Director Phillip Goldstein bought 5,000 shares of Total Return Securities (NYSE:SWZ) on Feb. 23 at an average price of $6.13, spending $30,650 and raising his holdings to 87,910 shares (a 6.03% increase), as disclosed in an SEC filing.
- SWZ price context: the stock recently traded at $6.17, sits near its 50‑day and 200‑day moving averages (~$6.14 and $6.08), and has a 12‑month range of $5.84–$9.43 with current volume below its average.
- Institutional interest remains meaningful: several hedge funds recently increased positions and about 41.12% of the stock is owned by hedge funds and other institutional investors.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) Director Phillip Goldstein bought 5,000 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of $6.13 per share, with a total value of $30,650.00. Following the completion of the purchase, the director owned 87,910 shares in the company, valued at approximately $538,888.30. This represents a 6.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Total Return Securities Stock Performance
Shares of SWZ traded up $0.01 on Thursday, reaching $6.17. The stock had a trading volume of 33,088 shares, compared to its average volume of 133,191. Total Return Securities, Inc. has a twelve month low of $5.84 and a twelve month high of $9.43. The firm has a 50-day moving average of $6.14 and a 200 day moving average of $6.08.
Institutional Investors Weigh In On Total Return Securities
Several hedge funds have recently modified their holdings of the stock. Matisse Capital increased its stake in shares of Total Return Securities by 0.5% in the fourth quarter. Matisse Capital now owns 610,000 shares of the closed-end fund's stock worth $3,794,000 after buying an additional 3,000 shares during the last quarter. Raymond James Financial Inc. raised its position in Total Return Securities by 58.3% in the third quarter. Raymond James Financial Inc. now owns 13,850 shares of the closed-end fund's stock worth $84,000 after acquiring an additional 5,100 shares in the last quarter. Uhlmann Price Securities LLC lifted its position in shares of Total Return Securities by 6.7% during the 3rd quarter. Uhlmann Price Securities LLC now owns 111,654 shares of the closed-end fund's stock valued at $679,000 after acquiring an additional 7,045 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Total Return Securities by 89.6% during the third quarter. Susquehanna International Group LLP now owns 19,315 shares of the closed-end fund's stock valued at $117,000 after acquiring an additional 9,126 shares during the period. Finally, Marex Group plc purchased a new position in shares of Total Return Securities during the 4th quarter valued at $62,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
Total Return Securities Company Profile
(
Get Free Report)
Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.
SWZ's investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.
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