Rivernorth Capital Management LLC Reduces Stake in Total Return Securities, Inc. $SWZ

Rivernorth Capital Management LLC decreased its position in Total Return Securities, Inc. (NYSE:SWZ) by 96.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,189 shares of the closed-end fund’s stock after selling 320,830 shares during the period. Rivernorth Capital Management LLC owned 0.08% of Total Return Securities worth $61,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Total Return Securities in the second quarter valued at approximately $55,000. Marex Group plc purchased a new position in shares of Total Return Securities during the fourth quarter worth $62,000. Bank of America Corp DE grew its stake in shares of Total Return Securities 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. Susquehanna International Group LLP grew its stake in shares of Total Return Securities by 89.6% in the third quarter. Susquehanna International Group LLP now owns 19,315 shares of the closed-end fund’s stock valued at $117,000 after buying an additional 9,126 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Total Return Securities by 100.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 32,096 shares of the closed-end fund’s stock valued at $200,000 after buying an additional 16,048 shares during the period. Institutional investors and hedge funds own 41.12% of the company’s stock.

Total Return Securities Stock Performance

NYSE:SWZ opened at $6.00 on Monday. Total Return Securities, Inc. has a 52 week low of $5.84 and a 52 week high of $6.31. The company has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $5.98.

Insider Buying and Selling

In related news, CEO Andrew Dakos bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average cost of $5.92 per share, with a total value of $29,600.00. Following the transaction, the chief executive officer directly owned 131,000 shares of the company’s stock, valued at approximately $775,520. This represents a 3.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Phillip Goldstein bought 5,980 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average cost of $5.95 per share, for a total transaction of $35,581.00. Following the completion of the transaction, the insider directly owned 119,214 shares in the company, valued at approximately $709,323.30. The trade was a 5.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 23,226 shares of company stock valued at $137,528 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.