Key Points
- Insider purchase: Phillip Goldstein bought 5,000 SWZ shares at an average price of $5.73, investing $28,650 and increasing his direct ownership by 4.19% to 124,229 shares.
- Stock performance: SWZ opened at $5.75, near its 52-week low of $5.68, and trades below both its 50-day ($5.89) and 200-day ($5.94) moving averages.
- Institutional interest: Hedge funds and other institutional investors own 41.12% of the fund, with several firms recently initiating or significantly increasing their positions.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) insider Phillip Goldstein bought 5,000 shares of Total Return Securities stock in a transaction on Thursday, October 8th. The shares were purchased at an average cost of $5.73 per share, with a total value of $28,650.00. Following the acquisition, the insider directly owned 124,229 shares of the company's stock, valued at approximately $711,832.17. The trade was a 4.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Total Return Securities Trading Down 0.3%
Shares of NYSE SWZ opened at $5.75 on Wednesday. The firm has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $5.94. Total Return Securities, Inc. has a 52 week low of $5.68 and a 52 week high of $6.31.
Hedge Funds Weigh In On Total Return Securities
Several large investors have recently modified their holdings of SWZ. Bank of America Corp DE acquired a new position in Total Return Securities during the 2nd quarter worth $5,152,000. Alpine Global Management LLC increased its holdings in Total Return Securities by 372.2% during the 4th quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund's stock worth $2,570,000 after purchasing an additional 325,669 shares during the period. Evolve Private Wealth LLC acquired a new stake in Total Return Securities in the 2nd quarter valued at about $827,000. Almitas Capital LLC acquired a new stake in Total Return Securities in the 2nd quarter valued at about $687,000. Finally, Sit Investment Associates Inc. raised its position 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 valued at $633,000 after purchasing an additional 101,537 shares in the last quarter. Institutional investors and hedge funds own 41.12% of the company's stock.
About Total Return Securities
(
Get Free Report)
Total Return Securities, traded on the New York Stock Exchange under the symbol SWZ, is associated with the Swiss Helvetia Fund, Inc, a closed-end investment company focused on Swiss securities. The fund is designed to provide investors with exposure to Switzerland's equity markets through a professionally managed portfolio.
The fund primarily invests in shares of Swiss companies across a range of industries and may also hold other securities, including fixed-income investments and cash equivalents.
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