Total Return Securities (NYSE:SWZ) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• Total Return Securities shares briefly moved above their 50-day moving average of $5.94, reaching $5.94 before last trading at $5.89, down 0.2%. The 200-day moving average stood at $5.97.
• Insiders have been buying shares, including CEO Andrew Dakos’s 5,000-share purchase and Phillip Goldstein’s 5,980-share purchase. Insiders bought 22,071 shares worth approximately $130,806 over the past quarter.
• Institutional ownership stands at 41.12%, with new or expanded positions from Bank of America, Alpine Global Management, Evolve Private Wealth, Almitas Capital and Sit Investment Associates.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.94 and traded as high as $5.94. Total Return Securities shares last traded at $5.89, with a volume of 35,596 shares traded.

Total Return Securities Trading Down 0.2%

The business has a fifty day moving average price of $5.94 and a 200 day moving average price of $5.97.

Insider Buying and Selling at Total Return Securities

In related news, CEO Andrew Dakos bought 5,000 shares of Total Return Securities stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average price of $5.92 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief executive officer owned 131,000 shares in the company, valued at approximately $775,520. This represents a 3.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Phillip Goldstein bought 5,980 shares of Total Return Securities stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of $5.95 per share, with a total value of $35,581.00. Following the purchase, the insider owned 119,214 shares of the company's stock, valued at $709,323.30. This trade represents a 5.28% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 22,071 shares of company stock valued at $130,806. Corporate insiders own 0.03% of the company's stock.

Institutional Trading of Total Return Securities

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of Total Return Securities during the 2nd quarter worth approximately $5,152,000. Alpine Global Management LLC raised its stake in shares of 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 in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Total Return Securities in the second quarter valued at $827,000. Almitas Capital LLC bought a new position in Total Return Securities in the second quarter worth $687,000. Finally, Sit Investment Associates Inc. lifted its position in Total Return Securities by 33,845.7% in the fourth quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund's stock worth $633,000 after purchasing an additional 101,537 shares during the period. Institutional investors own 41.12% of the company's stock.

Total Return Securities Company 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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