Total Return Securities (NYSE:SWZ) Insider Buys $59,800.00 in Stock

Total Return Securities, Inc. (NYSE:SWZ) insider Phillip Goldstein bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $5.98 per share, with a total value of $59,800.00. Following the transaction, the insider directly owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Phillip Goldstein also recently made the following trade(s):

• On Thursday, March 5th, Phillip Goldstein purchased 10,000 shares of Total Return Securities stock. The stock was bought at an average cost of $5.99 per share, for a total transaction of $59,900.00.
• On Monday, February 23rd, Phillip Goldstein purchased 5,000 shares of Total Return Securities stock. The stock was bought at an average price of $6.13 per share, for a total transaction of $30,650.00.

Total Return Securities Stock Performance

Total Return Securities stock traded down $0.04 during mid-day trading on Thursday, hitting $5.93. 25,466 shares of the company were exchanged, compared to its average volume of 114,752. The business has a fifty day moving average of $6.09 and a 200 day moving average of $6.08. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $9.43.

Hedge Funds Weigh In On Total Return Securities

Several institutional investors have recently added to or reduced their stakes in SWZ. Alpine Global Management LLC boosted its position 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 buying an additional 325,669 shares in the last quarter. Sit Investment Associates Inc. raised 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 valued at $633,000 after acquiring an additional 101,537 shares during the last quarter. Saba Capital Management L.P. boosted its holdings 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 worth $3,764,000 after acquiring an additional 302,612 shares in the last quarter. Rivernorth Capital Management LLC boosted its holdings 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 worth $2,718,000 after acquiring an additional 58,381 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in Total Return Securities during the 4th quarter worth approximately $1,355,000. 41.12% of the stock is owned by institutional investors.

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.