Key Points
- Director Moritz Sell purchased 3,000 SWZ shares at an average price of $5.98, investing $17,940 and increasing his holdings by 11.88% to 28,246 shares.
- SWZ opened at $5.97, down 0.3%, and is trading near its 50-day and 200-day moving averages. The fund’s 12-month trading range is $5.84 to $6.31.
- Institutional investors own 41.12% of the fund, with several hedge funds significantly increasing their positions. Bank of America also initiated a stake valued at approximately $5.15 million.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) Director Moritz Sell bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $5.98 per share, with a total value of $17,940.00. Following the purchase, the director owned 28,246 shares in the company, valued at $168,911.08. This trade represents a 11.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Total Return Securities Stock Down 0.3%
SWZ opened at $5.97 on Wednesday. The stock's 50 day moving average price is $5.93 and its two-hundred day moving average price is $5.98. Total Return Securities, Inc. has a 12-month low of $5.84 and a 12-month high of $6.31.
Institutional Investors Weigh In On Total Return Securities
Several hedge funds and other institutional investors have recently modified their holdings of SWZ. Bank of America Corp DE bought a new position in shares of Total Return Securities during the 2nd quarter worth about $5,152,000. North Ground Capital lifted its stake in shares of Total Return Securities by 241.6% in the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund's stock valued at $4,112,000 after buying an additional 467,622 shares during the period. Alpine Global Management LLC lifted its stake in shares of Total Return Securities by 372.2% in the fourth quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund's stock valued at $2,570,000 after buying an additional 325,669 shares during the period. Saba Capital Management L.P. grew its position in Total Return Securities by 100.0% during the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund's stock worth $3,764,000 after buying an additional 302,612 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Total Return Securities during the fourth quarter valued at about $1,355,000. Institutional investors and hedge funds own 41.12% of the company's stock.
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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