Karpus Management Inc. Increases Position in The Swiss Helvetia Fund Inc. (NYSE:SWZ)

Karpus Management Inc. increased its stake in The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 22.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,655 shares of the closed-end fund’s stock after acquiring an additional 40,825 shares during the period. Karpus Management Inc. owned about 1.72% of The Swiss Helvetia Fund worth $1,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shaker Financial Services LLC lifted its stake in The Swiss Helvetia Fund by 1.4% in the fourth quarter. Shaker Financial Services LLC now owns 288,658 shares of the closed-end fund’s stock worth $2,367,000 after purchasing an additional 3,982 shares during the last quarter. 1607 Capital Partners LLC lifted its stake in The Swiss Helvetia Fund by 4.0% in the fourth quarter. 1607 Capital Partners LLC now owns 349,903 shares of the closed-end fund’s stock worth $2,869,000 after purchasing an additional 13,457 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in The Swiss Helvetia Fund in the fourth quarter worth $245,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.

The Swiss Helvetia Fund Stock Performance

The Swiss Helvetia Fund stock traded down $0.08 during mid-day trading on Thursday, hitting $8.38. The company’s stock had a trading volume of 11,725 shares, compared to its average volume of 16,377. The business has a 50 day moving average price of $8.16 and a 200-day moving average price of $7.97. The Swiss Helvetia Fund Inc. has a 12 month low of $7.12 and a 12 month high of $8.57.

The Swiss Helvetia Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.129 per share. This represents a $0.52 annualized dividend and a dividend yield of 6.16%. The ex-dividend date was Tuesday, June 18th.

The Swiss Helvetia Fund Profile

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.