Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) insider Phillip Goldstein acquired 5,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was purchased at an average price of $5.73 per share, with a total value of $28,650.00. Following the transaction, the insider owned 124,229 shares of the company’s stock, valued at approximately $711,832.17. This trade represents a 4.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Total Return Securities Price Performance
SWZ stock opened at $5.75 on Wednesday. Total Return Securities, Inc. has a 52-week low of $5.68 and a 52-week high of $6.31. The company’s 50-day simple moving average is $5.89 and its 200-day simple moving average is $5.94.
Hedge Funds Weigh In On Total Return Securities
A number of hedge funds have recently bought and sold shares of SWZ. Bank of America Corp DE purchased a new stake in shares of Total Return Securities in the second quarter valued at approximately $5,152,000. Alpine Global Management LLC raised its stake in shares of 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 buying an additional 325,669 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of Total Return Securities during the 2nd quarter valued at approximately $827,000. Almitas Capital LLC purchased a new position in shares of Total Return Securities during the 2nd quarter valued at approximately $687,000. Finally, Sit Investment Associates Inc. lifted its position in shares of Total Return Securities by 33,845.7% during the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock valued at $633,000 after buying an additional 101,537 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.
Total Return Securities Company Profile
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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