Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) insider Phillip Goldstein bought 5,980 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of $5.95 per share, with a total value of $35,581.00. Following the transaction, the insider directly owned 119,214 shares in the company, valued at $709,323.30. This represents a 5.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Total Return Securities Stock Performance
SWZ opened at $5.94 on Friday. The business has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $6.04. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $6.43.
Hedge Funds Weigh In On Total Return Securities
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Ground Capital increased its stake in shares of Total Return Securities by 241.6% in the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock worth $4,112,000 after acquiring an additional 467,622 shares during the last quarter. Alpine Global Management LLC grew its stake in 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 purchasing an additional 325,669 shares in the last quarter. Saba Capital Management L.P. grew its stake in 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 purchasing an additional 302,612 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in Total Return Securities in the 4th quarter worth about $1,355,000. Finally, Sit Investment Associates Inc. increased its position in Total Return Securities by 33,845.7% in the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock worth $633,000 after purchasing an additional 101,537 shares during the last quarter. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
Total Return Securities Company 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.
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