Total Return Securities, Inc. (NYSE:SWZ) Shares Sold by Shaker Financial Services LLC

Key Points

• Shaker Financial Services LLC has reduced its stake in Total Return Securities, Inc. by 65.9%, now owning 86,088 shares valued at approximately $794,000.
• Other institutional investors such as Envestnet Asset Management Inc. and Saba Capital Management L.P. have increased their stakes by 9.9% and 24.7%, respectively, indicating a mixed investment landscape.
• As of the latest trading, Total Return Securities shares opened at $6.11, with a one-year range between $6.00 and $9.43.

Shaker Financial Services LLC decreased its position in shares of Total Return Securities, Inc. (NYSE:SWZ - Free Report) by 65.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,088 shares of the closed-end fund's stock after selling 166,473 shares during the period. Shaker Financial Services LLC owned 0.66% of Total Return Securities worth $794,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SWZ. Saba Capital Management L.P. lifted its stake in shares of Total Return Securities by 24.7% in 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 buying an additional 64,597 shares during the period. Envestnet Asset Management Inc. lifted its position in Total Return Securities by 55.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock valued at $1,119,000 after purchasing an additional 52,989 shares during the period. 1607 Capital Partners LLC increased its stake in Total Return Securities by 12.8% in the fourth quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund's stock valued at $3,442,000 after purchasing an additional 52,228 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Total Return Securities in the fourth quarter valued at approximately $238,000. Finally, Tabor Asset Management LP acquired a new position in Total Return Securities in the 1st quarter valued at about $278,000. Institutional investors own 41.12% of the company's stock.

Total Return Securities Price Performance

Shares of SWZ stock traded up $0.03 during trading hours on Thursday, hitting $6.17. 82,051 shares of the company's stock traded hands, compared to its average volume of 53,159. Total Return Securities, Inc. has a 12 month low of $6.00 and a 12 month high of $9.43. The stock's 50 day simple moving average is $6.26 and its 200 day simple moving average is $7.41.

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.