867,363 Shares of Total Return Securities, Inc. $SWZ Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 867,363 shares of Total Return Securities during the second quarter, valued at approximately $5.15 million and representing a 6.69% stake.
• Other institutional investors also increased their positions, and hedge funds and institutions collectively own 41.12% of the company.
• Insiders purchased 17,980 shares worth $106,671 over the past 90 days, while SWZ recently traded at $5.76, near its 12-month low of $5.76.

Bank of America Corp DE purchased a new position in shares of Total Return Securities, Inc. (NYSE:SWZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 867,363 shares of the closed-end fund's stock, valued at approximately $5,152,000. Bank of America Corp DE owned 6.69% of Total Return Securities as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Global Management LLC increased its stake in Total Return Securities by 372.2% in the fourth quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund's stock valued at $2,570,000 after purchasing an additional 325,669 shares during the period. Evolve Private Wealth LLC acquired a new position in Total Return Securities in the 2nd quarter valued at about $827,000. Sit Investment Associates Inc. raised its stake in Total Return Securities by 33,845.7% during the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund's stock valued at $633,000 after acquiring an additional 101,537 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Total Return Securities during the 2nd quarter worth approximately $581,000. Hedge funds and other institutional investors own 41.12% of the company's stock.

Total Return Securities Stock Performance

Total Return Securities stock opened at $5.76 on Tuesday. The business has a 50 day simple moving average of $5.92 and a 200-day simple moving average of $5.96. Total Return Securities, Inc. has a 12 month low of $5.76 and a 12 month high of $6.31.

Insider Buying and Selling

In other Total Return Securities news, CEO Andrew Dakos acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average price of $5.92 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief executive officer directly owned 131,000 shares of the company's stock, valued at approximately $775,520. The trade was a 3.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Phillip Goldstein acquired 5,980 shares of the business's stock in a transaction on Monday, July 6th. The stock was acquired at an average price of $5.95 per share, with a total value of $35,581.00. Following the transaction, the insider directly owned 119,214 shares of the company's stock, valued at $709,323.30. This represents a 5.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 17,980 shares of company stock worth $106,671. Company insiders own 0.03% of the company's stock.

Total Return Securities Profile

Total Return Securities NYSE: SWZ is a closed-end investment fund focused primarily on publicly traded companies in Switzerland. Rather than operating a commercial business, the fund provides investors with a vehicle for gaining exposure to Swiss equities and the broader Swiss market.

The fund's portfolio may include companies from multiple industries and is managed with the objective of providing shareholders with long-term capital appreciation and income through investments in Swiss securities.

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