Total Return Securities, Inc. $SWZ Stock Position Reduced by 1607 Capital Partners LLC

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 lowered its stake in shares of Total Return Securities, Inc. (NYSE:SWZ - Free Report) by 91.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Saba Capital Management L.P. raised 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 worth $2,440,000 after purchasing an additional 64,597 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Total Return Securities by 9.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 164,184 shares of the closed-end fund's stock worth $1,514,000 after buying an additional 14,818 shares during the last quarter. Uncommon Cents Investing LLC grew its holdings in shares of Total Return Securities by 8.7% during the 1st quarter. Uncommon Cents Investing LLC now owns 100,130 shares of the closed-end fund's stock worth $923,000 after purchasing an additional 8,030 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of Total Return Securities by 7.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 98,002 shares of the closed-end fund's stock valued at $904,000 after acquiring an additional 6,685 shares during the period. Finally, Logan Stone Capital LLC acquired a new position in shares of Total Return Securities during the fourth quarter worth about $238,000. Institutional investors and hedge funds own 41.12% of the company's stock.

Total Return Securities Stock Performance

SWZ stock traded up $0.02 during trading on Monday, reaching $6.15. The stock had a trading volume of 9,441 shares, compared to its average volume of 66,329. Total Return Securities, Inc. has a 1-year low of $5.99 and a 1-year high of $9.43. The firm has a fifty day moving average price of $6.17 and a 200 day moving average price of $7.01.

About Total Return Securities

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.