Key Points
- Director insider purchase: Moritz Sell bought 2,000 shares of Total Return Securities at an average price of $5.76, investing $11,520 and increasing his position by 7.08% to 30,246 shares.
- Stock performance: SWZ opened at $5.71, near its 52-week low of $5.70, compared with a 52-week high of $6.31. Its 50-day and 200-day moving averages were $5.92 and $5.95, respectively.
- Institutional ownership: Institutional investors own 41.12% of the fund, with recent purchases or stake increases from Bank of America, Alpine Global Management, Evolve Private Wealth, Almitas Capital, and Sit Investment Associates.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) Director Moritz Sell bought 2,000 shares of the company's stock in a transaction on Monday, September 28th. The stock was purchased at an average cost of $5.76 per share, for a total transaction of $11,520.00. Following the completion of the transaction, the director directly owned 30,246 shares of the company's stock, valued at approximately $174,216.96. The trade was a 7.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Total Return Securities Stock Performance
Total Return Securities stock opened at $5.71 on Thursday. Total Return Securities, Inc. has a 52-week low of $5.70 and a 52-week high of $6.31. The business has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $5.95.
Institutional Trading of Total Return Securities
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Total Return Securities during the second quarter valued at about $5,152,000. Alpine Global Management LLC boosted 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 worth $2,570,000 after acquiring an additional 325,669 shares during the period. Evolve Private Wealth LLC purchased a new stake in shares of Total Return Securities during the second quarter worth about $827,000. Almitas Capital LLC purchased a new stake in shares of Total Return Securities during the second quarter worth about $687,000. Finally, Sit Investment Associates Inc. grew its position in shares of Total Return Securities by 33,845.7% during the fourth 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. 41.12% of the stock is currently owned by institutional investors.
Total Return Securities Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
