Shares of Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.99 and traded as low as $5.94. Total Return Securities shares last traded at $5.9490, with a volume of 8,411 shares changing hands.
Total Return Securities Price Performance
The stock has a 50 day simple moving average of $5.92 and a 200 day simple moving average of $5.99.
Insider Buying and Selling
In other news, CEO Andrew Dakos purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average cost of $5.92 per share, for a total transaction of $29,600.00. Following the acquisition, the chief executive officer directly owned 131,000 shares of the company's stock, valued at $775,520. This represents a 3.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip Goldstein purchased 5,980 shares of the company's stock in a transaction on Monday, July 6th. The shares were purchased at an average cost of $5.95 per share, with a total value of $35,581.00. Following the transaction, the insider directly owned 119,214 shares in the company, valued at $709,323.30. This trade represents a 5.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 37,226 shares of company stock valued at $221,258. Insiders own 0.03% of the company's stock.
Hedge Funds Weigh In On Total Return Securities
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. grew its stake in shares of 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 last quarter. Alpine Global Management LLC increased 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 valued at $2,570,000 after purchasing an additional 325,669 shares during the period. Almitas Capital LLC bought a new position in Total Return Securities during the 4th quarter valued at approximately $229,000. Boothbay Fund Management LLC bought a new position in Total Return Securities during the 3rd quarter valued at approximately $532,000. Finally, Bulldog Investors LLP lifted its holdings in Total Return Securities by 51.4% in the 4th quarter. Bulldog Investors LLP now owns 161,903 shares of the closed-end fund's stock worth $1,007,000 after buying an additional 55,001 shares during the period. 41.12% of the stock is owned by institutional investors.
About Total Return Securities
(
Get Free Report)
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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