The Swiss Helvetia Fund (NYSE:SWZ) Share Price Passes Above 50-Day Moving Average – Time to Sell?

The Swiss Helvetia Fund Inc. (NYSE:SWZ) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.08 and traded as high as $8.87. The Swiss Helvetia Fund shares last traded at $8.87, with a volume of 25,399 shares trading hands.

The Swiss Helvetia Fund Price Performance

The company has a fifty day simple moving average of $8.12 and a two-hundred day simple moving average of $8.36.

The Swiss Helvetia Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.1458 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 6.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SWZ. Envestnet Asset Management Inc. raised its holdings in The Swiss Helvetia Fund by 55.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund’s stock valued at $1,119,000 after acquiring an additional 52,989 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in The Swiss Helvetia Fund by 12.8% in the 4th quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund’s stock valued at $3,442,000 after acquiring an additional 52,228 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in The Swiss Helvetia Fund in the 4th quarter valued at $250,000. Sanctuary Advisors LLC increased its holdings in shares of The Swiss Helvetia Fund by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock worth $733,000 after buying an additional 6,858 shares during the last quarter. Finally, Gardner Russo & Quinn LLC increased its holdings in shares of The Swiss Helvetia Fund by 1.9% during the 4th quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock worth $2,163,000 after buying an additional 5,451 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors and hedge funds.

About The Swiss Helvetia Fund

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.