Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) Director Moritz Sell purchased 2,000 shares of the stock in a transaction dated Monday, June 29th. The shares were bought at an average price of $5.92 per share, for a total transaction of $11,840.00. Following the completion of the acquisition, the director owned 20,246 shares in the company, valued at $119,856.32. This represents a 10.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Total Return Securities Price Performance
NYSE SWZ opened at $5.92 on Friday. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $6.43. The firm’s fifty day simple moving average is $5.97 and its 200-day simple moving average is $6.05.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC raised its stake in shares of 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 worth $2,570,000 after purchasing an additional 325,669 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of Total Return Securities by 33,845.7% during the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock valued at $633,000 after buying an additional 101,537 shares during the last quarter. Saba Capital Management L.P. grew its stake in shares of 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 valued at $3,764,000 after buying an additional 302,612 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in shares of 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 in the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in Total Return Securities in the fourth quarter worth approximately $1,355,000. 41.12% of the stock is owned by institutional investors and hedge funds.
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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