1607 Capital Partners LLC Sells 419,613 Shares of Total Return Securities, Inc. $SWZ

Key Points

• 1607 Capital Partners LLC drastically reduced its holdings in Total Return Securities, Inc. by 91.3%, selling 419,613 shares during the first quarter.
• Other institutional investors, including North Ground Capital and Tabor Asset Management, have recently initiated or increased stakes in Total Return Securities, indicating renewed interest in the stock.
• Total Return Securities, Inc. has been trading at around $6.02, with a one-year trading range between $5.99 and $9.43.

1607 Capital Partners LLC decreased its holdings in Total Return Securities, Inc. (NYSE:SWZ - Free Report) by 91.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,979 shares of the closed-end fund's stock after selling 419,613 shares during the quarter. 1607 Capital Partners LLC owned 0.31% of Total Return Securities worth $369,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SWZ. Bank of America Corp DE lifted its holdings in Total Return Securities by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after purchasing an additional 10,795 shares in the last quarter. Logan Stone Capital LLC purchased a new position in Total Return Securities during the fourth quarter valued at approximately $238,000. Saba Capital Management L.P. lifted its holdings in Total Return Securities by 24.7% during the fourth quarter. Saba Capital Management L.P. now owns 325,779 shares of the closed-end fund's stock valued at $2,440,000 after purchasing an additional 64,597 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in Total Return Securities by 8.7% during the first quarter. Uncommon Cents Investing LLC now owns 100,130 shares of the closed-end fund's stock valued at $923,000 after purchasing an additional 8,030 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Total Return Securities by 9.9% during the first quarter. Envestnet Asset Management Inc. now owns 164,184 shares of the closed-end fund's stock valued at $1,514,000 after purchasing an additional 14,818 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company's stock.

Total Return Securities Price Performance

NYSE:SWZ traded up $0.02 during trading hours on Friday, hitting $6.13. 45,863 shares of the stock traded hands, compared to its average volume of 94,839. Total Return Securities, Inc. has a 1 year low of $5.99 and a 1 year high of $9.43. The stock has a 50 day moving average price of $6.17 and a 200 day moving average price of $7.02.

Total Return Securities 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.