The Swiss Helvetia Fund (NYSE:SWZ) Shares Cross Above Fifty Day Moving Average – Time to Sell?

The Swiss Helvetia Fund Inc. (NYSE:SWZ)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.94 and traded as high as $9.07. The Swiss Helvetia Fund shares last traded at $8.96, with a volume of 55,524 shares traded.

The Swiss Helvetia Fund Price Performance

The business has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $8.43.

The Swiss Helvetia Fund Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, April 3rd will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, April 15th. This represents a yield of 6.4%.

Institutional Trading of The Swiss Helvetia Fund

A number of institutional investors have recently modified their holdings of SWZ. 1607 Capital Partners LLC boosted its stake in shares of The Swiss Helvetia Fund by 12.8% during the 4th quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund’s stock valued at $3,442,000 after buying an additional 52,228 shares during the last quarter. Saba Capital Management L.P. grew its holdings in The Swiss Helvetia Fund by 24.7% during the 4th quarter. Saba Capital Management L.P. now owns 325,779 shares of the closed-end fund’s stock worth $2,440,000 after acquiring an additional 64,597 shares in the last quarter. Gardner Russo & Quinn LLC raised its stake in shares of The Swiss Helvetia Fund by 1.9% in the 4th quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock valued at $2,163,000 after purchasing an additional 5,451 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of The Swiss Helvetia Fund by 55.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund’s stock worth $1,119,000 after acquiring an additional 52,989 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of The Swiss Helvetia Fund by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock valued at $733,000 after buying an additional 6,858 shares during the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

The Swiss Helvetia Fund Company Profile

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.