Key Points
- Phillip Goldstein bought 10,000 shares of Total Return Securities (SWZ) on March 5 at an average price of $5.99, spending $59,900 and increasing his direct holdings to 103,234 shares — a 10.73% rise in his ownership.
- Total Return Securities is trading around $5.99 (50-day MA $6.12, 200-day MA $6.08) near its 52-week low of $5.84, and about 41.12% of the stock is owned by institutional investors, with several funds recently adding to their positions.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) insider Phillip Goldstein bought 10,000 shares of the company's stock in a transaction on Thursday, March 5th. The stock was bought at an average price of $5.99 per share, for a total transaction of $59,900.00. Following the completion of the purchase, the insider directly owned 103,234 shares in the company, valued at approximately $618,371.66. This represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Phillip Goldstein also recently made the following trade(s):
- On Monday, February 23rd, Phillip Goldstein bought 5,000 shares of Total Return Securities stock. The shares were bought at an average cost of $6.13 per share, for a total transaction of $30,650.00.
Total Return Securities Stock Up 1.0%
Total Return Securities stock opened at $5.99 on Tuesday. The company has a 50 day moving average price of $6.12 and a 200-day moving average price of $6.08. Total Return Securities, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.43.
Institutional Investors Weigh In On Total Return Securities
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Matisse Capital lifted its holdings in shares of Total Return Securities by 0.5% in the 4th 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 period. Raymond James Financial Inc. increased its stake in shares of Total Return Securities by 58.3% during the third quarter. Raymond James Financial Inc. now owns 13,850 shares of the closed-end fund's stock valued at $84,000 after buying an additional 5,100 shares during the period. Uhlmann Price Securities LLC increased its stake in shares of Total Return Securities by 6.7% during the third quarter. Uhlmann Price Securities LLC now owns 111,654 shares of the closed-end fund's stock valued at $679,000 after buying an additional 7,045 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Total Return Securities by 89.6% in 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 in the last quarter. Finally, Marex Group plc bought a new stake in shares of Total Return Securities in the fourth quarter valued at about $62,000. 41.12% of the stock is owned by institutional investors.
Total Return Securities Company Profile
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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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