The Swiss Helvetia Fund Inc. (NYSE:SWZ) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its stake in shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 719,312 shares of the closed-end fund’s stock after selling 25,232 shares during the quarter. Lazard Asset Management LLC owned approximately 0.06% of The Swiss Helvetia Fund worth $5,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SWZ. 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 valued at $47,000 after acquiring an additional 3,694 shares during the last quarter. Bank of America Corp DE increased its stake in shares of The Swiss Helvetia Fund by 375.2% during the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after acquiring an additional 10,795 shares during the last quarter. Logan Stone Capital LLC acquired a new position in shares of The Swiss Helvetia Fund during the 4th quarter valued at about $238,000. Wolverine Asset Management LLC acquired a new position in shares of The Swiss Helvetia Fund during the 4th quarter valued at 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. Institutional investors and hedge funds own 41.12% of the company’s stock.

The Swiss Helvetia Fund Price Performance

SWZ opened at $6.29 on Friday. The firm 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 1 year low of $6.01 and a 1 year high of $9.43.

The Swiss Helvetia Fund Cuts Dividend

The firm also recently announced 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 was Tuesday, April 15th.

The Swiss Helvetia Fund 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.