Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) Director Moritz Sell acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $5.96 per share, with a total value of $11,920.00. Following the acquisition, the director directly owned 14,155 shares in the company, valued at $84,363.80. This represents a 16.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Total Return Securities Trading Down 0.6%
Shares of NYSE:SWZ opened at $5.92 on Thursday. Total Return Securities, Inc. has a 52-week low of $5.84 and a 52-week high of $6.43. The company has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $6.06.
Institutional Investors Weigh In On Total Return Securities
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Global Management LLC raised its position in shares of 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 position 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 buying an additional 101,537 shares in the last quarter. Saba Capital Management L.P. raised its position in shares of Total Return Securities by 100.0% in the fourth 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 increased its stake in Total Return Securities by 15.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund’s stock valued at $2,718,000 after acquiring an additional 58,381 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Total Return Securities in the fourth quarter valued at approximately $1,355,000. 41.12% of the stock is currently owned by institutional investors and hedge funds.
About Total Return Securities
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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