Saba Capital Management L.P. Buys 64,597 Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ)

Saba Capital Management L.P. increased its stake in shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 24.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 325,779 shares of the closed-end fund’s stock after buying an additional 64,597 shares during the quarter. Saba Capital Management L.P.’s holdings in The Swiss Helvetia Fund were worth $2,440,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in The Swiss Helvetia Fund during the fourth quarter valued at $250,000. PNC Financial Services Group Inc. increased its stake in shares of The Swiss Helvetia Fund by 144.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 3,694 shares during the last quarter. Envestnet Asset Management Inc. grew its stake 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 buying an additional 52,989 shares in the last quarter. 1607 Capital Partners LLC grew its stake 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 buying an additional 52,228 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in The Swiss Helvetia Fund by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock valued at $733,000 after buying an additional 6,858 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors and hedge funds.

The Swiss Helvetia Fund Price Performance

Shares of NYSE:SWZ opened at $6.28 on Friday. The firm has a fifty day moving average price of $7.74 and a two-hundred day moving average price of $8.06. The Swiss Helvetia Fund Inc. has a one year low of $6.01 and a one year high of $9.43.

The Swiss Helvetia Fund Cuts Dividend

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