Rivernorth Capital Management LLC Decreases Stock Holdings in Total Return Securities, Inc. $SWZ

Rivernorth Capital Management LLC lowered its stake in shares of Total Return Securities, Inc. (NYSE:SWZ) by 24.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 331,019 shares of the closed-end fund’s stock after selling 105,999 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Total Return Securities were worth $1,963,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Matisse Capital grew its stake in shares of Total Return Securities by 0.5% in the fourth quarter. Matisse Capital now owns 610,000 shares of the closed-end fund’s stock worth $3,794,000 after acquiring an additional 3,000 shares during the period. Raymond James Financial Inc. lifted its position in Total Return Securities by 58.3% during the third quarter. Raymond James Financial Inc. now owns 13,850 shares of the closed-end fund’s stock valued at $84,000 after purchasing an additional 5,100 shares during the period. Susquehanna International Group LLP boosted its holdings in Total Return Securities by 89.6% in the third quarter. Susquehanna International Group LLP now owns 19,315 shares of the closed-end fund’s stock worth $117,000 after purchasing an additional 9,126 shares during the last quarter. Marex Group plc purchased a new stake in Total Return Securities in the fourth quarter worth approximately $62,000. Finally, Bank of America Corp DE grew its position in Total Return Securities by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after purchasing an additional 10,795 shares during the period. Hedge funds and other institutional investors own 41.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew Dakos acquired 5,000 shares of Total Return Securities stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average price of $5.92 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief executive officer owned 131,000 shares in the company, valued at $775,520. The trade was a 3.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip Goldstein bought 5,980 shares of the stock in a transaction on Monday, July 6th. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $35,581.00. Following the acquisition, the insider owned 119,214 shares of the company’s stock, valued at $709,323.30. This trade represents a 5.28% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 37,226 shares of company stock valued at $221,258. 0.03% of the stock is owned by company insiders.

Total Return Securities Trading Down 0.3%

Shares of SWZ opened at $5.89 on Thursday. The firm has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $6.01. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $6.31.

About Total Return Securities

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.