Evolve Private Wealth LLC Purchases New Shares in Total Return Securities, Inc. $SWZ

Evolve Private Wealth LLC purchased a new stake in Total Return Securities, Inc. (NYSE:SWZ) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 139,192 shares of the closed-end fund’s stock, valued at approximately $827,000.

A number of other hedge funds have also bought and sold shares of the business. Bank of America Corp DE raised its stake in Total Return Securities by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after purchasing an additional 10,795 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Total Return Securities during the 2nd quarter worth approximately $55,000. Boothbay Fund Management LLC acquired a new position in shares of Total Return Securities during the 3rd quarter worth approximately $532,000. Quarry LP bought a new position in shares of Total Return Securities during the third quarter worth approximately $456,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Total Return Securities by 89.6% during the third quarter. Susquehanna International Group LLP now owns 19,315 shares of the closed-end fund’s stock worth $117,000 after purchasing an additional 9,126 shares during the period. 41.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Phillip Goldstein acquired 5,980 shares of the stock in a transaction on Monday, July 6th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $35,581.00. Following the purchase, the insider directly owned 119,214 shares in the company, valued at approximately $709,323.30. The trade was a 5.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Dakos acquired 5,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were bought at an average price of $5.92 per share, for a total transaction of $29,600.00. Following the purchase, the chief executive officer owned 131,000 shares in the company, valued at approximately $775,520. This trade represents a 3.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 37,226 shares of company stock worth $221,258 in the last three months. 0.03% of the stock is currently owned by company insiders.

Total Return Securities Stock Performance

NYSE SWZ opened at $5.93 on Monday. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $6.31. The company has a 50 day moving average of $5.93 and a 200-day moving average of $5.98.

About Total Return Securities

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.