Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) Director Moritz Sell acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of $5.92 per share, with a total value of $11,840.00. Following the transaction, the director owned 20,246 shares of the company’s stock, valued at approximately $119,856.32. The trade was a 10.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Total Return Securities Price Performance
Shares of SWZ opened at $5.92 on Thursday. The company’s 50 day simple moving average is $5.97 and its 200 day simple moving average is $6.05. Total Return Securities, Inc. has a 1 year low of $5.84 and a 1 year high of $6.43.
Institutional Investors Weigh In On Total Return Securities
Several hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC increased its stake 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 valued at $2,570,000 after purchasing an additional 325,669 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in Total Return Securities by 33,845.7% in the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock worth $633,000 after buying an additional 101,537 shares during the last quarter. Saba Capital Management L.P. boosted its stake in Total Return Securities by 100.0% in the 4th quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund’s stock worth $3,764,000 after buying an additional 302,612 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in Total Return Securities by 15.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund’s stock valued at $2,718,000 after buying an additional 58,381 shares during the period. Finally, Evolve Private Wealth LLC acquired a new position in shares of Total Return Securities during the 4th quarter valued at about $1,355,000. Institutional investors and hedge funds own 41.12% of the company’s stock.
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.
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