Total Return Securities (NYSE:SWZ) Insider Phillip Goldstein Buys 5,000 Shares of Stock

Key Points

• Insider buying: Phillip Goldstein purchased 5,000 SWZ shares at an average price of $5.73, investing $28,650 and increasing his position by 4.19% to 124,229 shares.
• Stock performance: Shares traded down 0.3% to $5.75, near the 12-month low of $5.68 and below the 50-day and 200-day moving averages of $5.90 and $5.94.
• Institutional ownership: Hedge funds and institutions hold 41.12% of the fund, with several firms recently establishing or expanding positions, including Bank of America and Alpine Global Management.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) insider Phillip Goldstein purchased 5,000 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was purchased at an average price of $5.73 per share, with a total value of $28,650.00. Following the completion of the purchase, the insider directly owned 124,229 shares in the company, valued at $711,832.17. The trade was a 4.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Total Return Securities Trading Down 0.3%

Shares of NYSE SWZ traded down $0.01 during mid-day trading on Tuesday, hitting $5.75. 27,789 shares of the stock traded hands, compared to its average volume of 68,786. Total Return Securities, Inc. has a twelve month low of $5.68 and a twelve month high of $6.31. The firm has a 50 day simple moving average of $5.90 and a two-hundred day simple moving average of $5.94.

Institutional Trading of Total Return Securities

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of Total Return Securities in the second quarter valued at approximately $5,152,000. Alpine Global Management LLC grew its holdings in Total Return Securities by 372.2% during the 4th quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund's stock worth $2,570,000 after acquiring an additional 325,669 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in Total Return Securities during the 2nd quarter worth approximately $827,000. Almitas Capital LLC acquired a new position in Total Return Securities in the 2nd quarter valued at approximately $687,000. Finally, Sit Investment Associates Inc. increased its position in Total Return Securities by 33,845.7% in 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 period. 41.12% of the stock is owned by institutional investors and hedge funds.

Total Return Securities Company Profile

Total Return Securities, traded on the New York Stock Exchange under the symbol SWZ, is associated with the Swiss Helvetia Fund, Inc, a closed-end investment company focused on Swiss securities. The fund is designed to provide investors with exposure to Switzerland's equity markets through a professionally managed portfolio.

The fund primarily invests in shares of Swiss companies across a range of industries and may also hold other securities, including fixed-income investments and cash equivalents.

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