Lazard Asset Management LLC Reduces Stock Holdings in The Swiss Helvetia Fund Inc. (NYSE:SWZ)

Lazard Asset Management LLC lowered its position in The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 719,312 shares of the closed-end fund’s stock after selling 25,232 shares during the quarter. Lazard Asset Management LLC owned 5.54% of The Swiss Helvetia Fund worth $5,387,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SWZ. PNC Financial Services Group Inc. increased its position in shares of The Swiss Helvetia Fund by 144.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 3,694 shares in the last quarter. Bank of America Corp DE increased its position in shares of The Swiss Helvetia Fund by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 10,795 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in The Swiss Helvetia Fund during the 4th quarter worth about $238,000. Wolverine Asset Management LLC purchased a new stake in The Swiss Helvetia Fund during the 4th quarter worth about $250,000. Finally, Sanctuary Advisors LLC increased its position in 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 purchasing an additional 6,858 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

The Swiss Helvetia Fund Stock Performance

The Swiss Helvetia Fund stock opened at $6.29 on Friday. The stock has a 50-day moving average price of $7.79 and a 200 day moving average price of $8.07. The Swiss Helvetia Fund Inc. has a 52 week low of $6.01 and a 52 week high of $9.43.

The Swiss Helvetia Fund Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 3rd were given a dividend of $3.00 per share. This represents a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, April 15th.

The Swiss Helvetia Fund Company Profile

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.