Key Points
- Director Moritz Sell purchased 2,000 shares of Total Return Securities at an average price of $5.86, spending $11,720 and increasing his holdings by 8.99% to 24,246 shares.
- SWZ shares opened at $5.91, trading near the lower end of their 52-week range of $5.84 to $6.43; the 50-day and 200-day moving averages were $5.93 and $6.01, respectively.
- Institutional investors own 41.12% of the fund, with several firms recently establishing or expanding positions, including Bank of America, which increased its stake by 375.2%.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) Director Moritz Sell bought 2,000 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $5.86 per share, with a total value of $11,720.00. Following the completion of the acquisition, the director owned 24,246 shares of the company's stock, valued at approximately $142,081.56. This trade represents a 8.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Total Return Securities Price Performance
Total Return Securities stock opened at $5.91 on Wednesday. Total Return Securities, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $6.43. The firm's 50 day simple moving average is $5.93 and its 200-day simple moving average is $6.01.
Hedge Funds Weigh In On Total Return Securities
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Total Return Securities during the 2nd quarter valued at $55,000. Marex Group plc purchased a new stake in shares of Total Return Securities in the fourth quarter valued at $62,000. Bank of America Corp DE boosted its position in shares of Total Return Securities by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock worth $102,000 after buying an additional 10,795 shares during the period. Capital Investment Counsel Inc acquired a new stake in shares of Total Return Securities in the fourth quarter worth $93,000. Finally, TrueMark Investments LLC purchased a new position in shares of Total Return Securities during the fourth quarter valued at $95,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
About Total Return Securities
(
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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