1607 Capital Partners LLC boosted its holdings in The Swiss Helvetia Fund Inc. (NYSE:SWZ - Free Report) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,592 shares of the closed-end fund's stock after purchasing an additional 52,228 shares during the quarter. 1607 Capital Partners LLC owned about 3.54% of The Swiss Helvetia Fund worth $3,442,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in The Swiss Helvetia Fund by 1.6% in the third quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund's stock valued at $815,000 after buying an additional 1,390 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in The Swiss Helvetia Fund during the 4th quarter worth $250,000. PNC Financial Services Group Inc. increased its stake in The Swiss Helvetia Fund by 144.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock valued at $47,000 after purchasing an additional 3,694 shares during the period. Gardner Russo & Quinn LLC raised its holdings in shares of The Swiss Helvetia Fund by 1.9% in the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund's stock valued at $2,163,000 after buying an additional 5,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of The Swiss Helvetia Fund by 55.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock worth $1,119,000 after buying an additional 52,989 shares during the period. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
The Swiss Helvetia Fund Stock Up 0.2 %
SWZ traded up $0.01 on Monday, hitting $6.17. 106,749 shares of the company traded hands, compared to its average volume of 35,772. The Swiss Helvetia Fund Inc. has a 12-month low of $6.01 and a 12-month high of $9.43. The company has a 50 day moving average of $8.81 and a 200-day moving average of $8.38.
The Swiss Helvetia Fund Cuts Dividend
The firm also recently disclosed a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd were issued a $3.00 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, April 15th.
The Swiss Helvetia Fund Profile
(
Free Report)
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.
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