Total Return Securities (NYSE:SWZ) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• SWZ crossed above its 50‑day moving average, trading as high as $6.07 and last at $6.06 versus a 50‑day SMA of $6.02 and a 200‑day SMA of $6.07.
• Insiders purchased shares: Phillip Goldstein bought 10,000 shares at about $5.98 and CEO Andrew Dakos bought 12,500 at about $5.97, with insiders adding 84,754 shares in the quarter despite owning only 0.03% of the company.
• Institutional investors increased stakes significantly, including large additions by Alpine Global, Sit Investment and Saba Capital, leaving institutions with roughly 41.12% ownership.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.02 and traded as high as $6.07. Total Return Securities shares last traded at $6.06, with a volume of 116,890 shares.

Total Return Securities Stock Up 0.7%

The firm has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $6.07.

Insider Activity at Total Return Securities

In other news, insider Phillip Goldstein purchased 10,000 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $5.98 per share, for a total transaction of $59,800.00. Following the completion of the acquisition, the insider owned 113,234 shares in the company, valued at approximately $677,139.32. The trade was a 9.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Dakos purchased 12,500 shares of the business's stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $5.97 per share, for a total transaction of $74,625.00. Following the acquisition, the chief executive officer owned 62,095 shares of the company's stock, valued at approximately $370,707.15. This represents a 25.20% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 84,754 shares of company stock worth $510,129. Corporate insiders own 0.03% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Global Management LLC boosted its holdings 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 worth $2,570,000 after acquiring an additional 325,669 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings 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 acquiring an additional 101,537 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Total Return Securities by 100.0% in the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund's stock worth $3,764,000 after purchasing an additional 302,612 shares during the last quarter. Rivernorth Capital Management LLC raised its stake in shares of Total Return Securities by 15.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund's stock worth $2,718,000 after purchasing an additional 58,381 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Total Return Securities in the fourth quarter worth approximately $1,355,000. Institutional investors own 41.12% of the company's stock.

Total Return Securities Company Profile

Total Return Securities NYSE: SWZ is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ's investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.

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