Total Return Securities (NYSE:SWZ) Stock: Insider Andrew Dakos Acquires 10,000 Shares

Key Points

• CEO Andrew Dakos bought 10,000 shares of Total Return Securities at an average price of $5.77, investing $57,700 and increasing his direct stake by 20% to 60,000 shares.
• Dakos has made two additional purchases recently, acquiring 10,000 shares on September 25 and 5,000 shares on July 2.
• SWZ shares fell 0.7% to $5.74, near the 12-month low of $5.73, while institutional investors own 41.12% of the fund.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos bought 10,000 shares of the company's stock in a transaction dated Monday, September 28th. The stock was bought at an average cost of $5.77 per share, with a total value of $57,700.00. Following the acquisition, the chief executive officer directly owned 60,000 shares of the company's stock, valued at approximately $346,200. The trade was a 20.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Andrew Dakos also recently made the following trade(s):

• On Friday, September 25th, Andrew Dakos purchased 10,000 shares of Total Return Securities stock. The stock was bought at an average price of $5.81 per share, for a total transaction of $58,100.00.
• On Thursday, July 2nd, Andrew Dakos purchased 5,000 shares of Total Return Securities stock. The shares were bought at an average cost of $5.92 per share, for a total transaction of $29,600.00.

Total Return Securities Trading Down 0.7%

Shares of Total Return Securities stock traded down $0.04 during midday trading on Tuesday, hitting $5.74. 30,087 shares of the company traded hands, compared to its average volume of 70,259. The firm's fifty day moving average price is $5.92 and its 200-day moving average price is $5.96. Total Return Securities, Inc. has a 12 month low of $5.73 and a 12 month high of $6.31.

Institutional Trading of Total Return Securities

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in shares of Total Return Securities during the second quarter worth $5,152,000. Alpine Global Management LLC boosted its holdings in shares of 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 valued at $2,570,000 after acquiring an additional 325,669 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Total Return Securities during the 2nd quarter worth $827,000. Almitas Capital LLC bought a new stake in Total Return Securities during the 2nd quarter worth $687,000. Finally, Sit Investment Associates Inc. grew its position 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 worth $633,000 after acquiring an additional 101,537 shares during the last quarter. Institutional investors own 41.12% of the company's stock.

About Total Return Securities

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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