Saba Capital Management L.P. Lowers Stake in Total Return Securities, Inc. $SWZ

Saba Capital Management L.P. reduced its position in Total Return Securities, Inc. (NYSE:SWZ) by 33.2% in the first quarter, HoldingsChannel.com reports. The firm owned 404,080 shares of the closed-end fund’s stock after selling 201,144 shares during the period. Saba Capital Management L.P.’s holdings in Total Return Securities were worth $2,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Total Return Securities during the 2nd quarter valued at $55,000. Marex Group plc bought a new position in Total Return Securities in the 4th quarter worth $62,000. Bank of America Corp DE boosted its holdings in Total Return Securities by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after buying an additional 10,795 shares during the period. Capital Investment Counsel Inc purchased a new stake in Total Return Securities in the 4th quarter worth $93,000. Finally, TrueMark Investments LLC purchased a new stake in Total Return Securities in the 4th quarter worth $95,000. 41.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Total Return Securities

In other Total Return Securities news, insider Phillip Goldstein bought 5,980 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was purchased at an average price of $5.95 per share, for a total transaction of $35,581.00. Following the completion of the transaction, the insider owned 119,214 shares of the company’s stock, valued at $709,323.30. This trade represents a 5.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Dakos purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $44,775.00. Following the completion of the acquisition, the chief executive officer owned 120,500 shares in the company, valued at $719,385. This represents a 6.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 33,226 shares of company stock valued at $197,708. Corporate insiders own 0.03% of the company’s stock.

Total Return Securities Price Performance

NYSE:SWZ opened at $5.87 on Tuesday. The business’s 50-day simple moving average is $5.93 and its two-hundred day simple moving average is $6.01. Total Return Securities, Inc. has a 52 week low of $5.84 and a 52 week high of $6.43.

Total Return Securities 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.