Key Points
- CEO Andrew Dakos bought 10,000 SWZ shares at an average price of $5.77, investing $57,700 and increasing his direct ownership to 60,000 shares.
- Dakos has made two additional purchases recently, acquiring 10,000 shares on September 25 and 5,000 shares in July.
- SWZ opened at $5.74, near its one-year low of $5.73, while institutional investors and hedge funds own approximately 41.12% of the fund.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos acquired 10,000 shares of the business's stock in a transaction dated Monday, September 28th. The shares were acquired at an average cost of $5.77 per share, with a total value of $57,700.00. Following the acquisition, the chief executive officer directly owned 60,000 shares of the company's stock, valued at $346,200. This represents a 20.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Andrew Dakos also recently made the following trade(s):
- On Friday, September 25th, Andrew Dakos bought 10,000 shares of Total Return Securities stock. The stock was bought at an average price of $5.81 per share, with a total value of $58,100.00.
- On Thursday, July 2nd, Andrew Dakos acquired 5,000 shares of Total Return Securities stock. The stock was purchased at an average price of $5.92 per share, with a total value of $29,600.00.
Total Return Securities Trading Down 0.7%
Shares of NYSE SWZ opened at $5.74 on Wednesday. Total Return Securities, Inc. has a one year low of $5.73 and a one year high of $6.31. The firm's 50 day simple moving average is $5.92 and its two-hundred day simple moving average is $5.96.
Institutional Investors Weigh In On Total Return Securities
Several institutional investors and hedge funds have recently bought and sold shares of SWZ. Bank of America Corp DE bought a new stake in shares of Total Return Securities in the 2nd quarter worth approximately $5,152,000. Alpine Global Management LLC raised its holdings in shares of Total Return Securities by 372.2% during 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 acquiring an additional 325,669 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in Total Return Securities during the 2nd quarter valued at $827,000. Almitas Capital LLC bought a new position in Total Return Securities in the 2nd quarter worth $687,000. Finally, Sit Investment Associates Inc. raised its holdings in Total Return Securities by 33,845.7% in the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund's stock worth $633,000 after purchasing an additional 101,537 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company's stock.
About Total Return Securities
(
Get Free Report)
Total Return Securities (NYSE: SWZ) is a closed-end investment fund focused primarily on publicly traded companies in Switzerland. Rather than operating a commercial business, the fund provides investors with a vehicle for gaining exposure to Swiss equities and the broader Swiss market.
The fund's portfolio may include companies from multiple industries and is managed with the objective of providing shareholders with long-term capital appreciation and income through investments in Swiss securities.
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