Key Points
- Director Moritz Sell bought 2,000 shares of Total Return Securities (NYSE:SWZ) at $5.92 each, totaling $11,840. The purchase lifted his holdings to 20,246 shares, a 10.96% increase in his position.
- SWZ recently traded around $5.94, near its 12-month low of $5.84 and below its 200-day moving average of $6.05. This suggests the stock has been trading in a relatively narrow range.
- Institutional ownership remains significant, with hedge funds and other investors holding 41.12% of the stock. Recent filings show several firms either increased positions or initiated new stakes in the fund.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) Director Moritz Sell purchased 2,000 shares of the business's stock in a transaction dated Monday, June 29th. The stock was bought at an average price of $5.92 per share, for a total transaction of $11,840.00. Following the completion of the acquisition, the director owned 20,246 shares of the company's stock, valued at approximately $119,856.32. The trade was a 10.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Total Return Securities Price Performance
SWZ stock opened at $5.94 on Wednesday. Total Return Securities, Inc. has a 12 month low of $5.84 and a 12 month high of $6.43. The firm's 50-day moving average is $5.98 and its 200 day moving average is $6.05.
Hedge Funds Weigh In On Total Return Securities
Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Total Return Securities by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. Raymond James Financial Inc. bought a new position in Total Return Securities in the second quarter worth approximately $55,000. Yakira Capital Management Inc. increased its holdings in Total Return Securities by 37.8% during the 3rd quarter. Yakira Capital Management Inc. now owns 192,016 shares of the closed-end fund's stock worth $1,167,000 after purchasing an additional 52,639 shares during the period. Boothbay Fund Management LLC purchased a new position in Total Return Securities during the 3rd quarter worth $532,000. Finally, Quarry LP bought a new stake in Total Return Securities during the 3rd quarter valued at $456,000. 41.12% of the stock is 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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