Total Return Securities (NYSE:SWZ) Insider Phillip Goldstein Acquires 10,000 Shares

Total Return Securities, Inc. (NYSE:SWZ) insider Phillip Goldstein purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of $5.98 per share, for a total transaction of $59,800.00. Following the acquisition, the insider directly owned 113,234 shares of the company’s stock, valued at $677,139.32. This trade represents a 9.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Phillip Goldstein also recently made the following trade(s):

• On Thursday, March 5th, Phillip Goldstein acquired 10,000 shares of Total Return Securities stock. The shares were purchased at an average price of $5.99 per share, for a total transaction of $59,900.00.
• On Monday, February 23rd, Phillip Goldstein acquired 5,000 shares of Total Return Securities stock. The shares were purchased at an average price of $6.13 per share, for a total transaction of $30,650.00.

Total Return Securities Price Performance

Shares of NYSE:SWZ opened at $5.92 on Friday. The company’s fifty day moving average is $6.08 and its two-hundred day moving average is $6.08. Total Return Securities, Inc. has a 12-month low of $5.84 and a 12-month high of $9.43.

Hedge Funds Weigh In On Total Return Securities

A number of large investors have recently made changes to their positions in SWZ. Alpine Global Management LLC grew its position in Total Return Securities by 372.2% during 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. Sit Investment Associates Inc. lifted 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 buying an additional 101,537 shares in the last quarter. Saba Capital Management L.P. boosted its stake in shares of Total Return Securities by 100.0% during the 4th 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 during the period. Rivernorth Capital Management LLC grew its holdings in shares of Total Return Securities by 15.4% during the 4th 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 in the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in shares of Total Return Securities during the 4th quarter valued at $1,355,000. Institutional investors and hedge funds own 41.12% of the company’s stock.

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.