Total Return Securities (NYSE:SWZ) Stock: Insider Andrew Dakos Acquires 10,000 Shares

Total Return Securities, Inc. (NYSE:SWZ) CEO Andrew Dakos acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average cost of $5.81 per share, for a total transaction of $58,100.00. Following the acquisition, the chief executive officer owned 50,000 shares in the company, valued at approximately $290,500. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Andrew Dakos also recently made the following trade(s):

• On Monday, September 28th, Andrew Dakos bought 10,000 shares of Total Return Securities stock. The stock was purchased at an average price of $5.77 per share, with a total value of $57,700.00.
• On Thursday, July 2nd, Andrew Dakos bought 5,000 shares of Total Return Securities stock. The stock was purchased at an average price of $5.92 per share, with a total value of $29,600.00.

Total Return Securities Price Performance

Shares of NYSE:SWZ traded down $0.04 during trading hours on Tuesday, hitting $5.74. The stock had a trading volume of 30,087 shares, compared to its average volume of 70,259. The stock’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $5.96. Total Return Securities, Inc. has a 1-year low of $5.73 and a 1-year high of $6.31.

Institutional Trading of Total Return Securities

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of Total Return Securities in the 2nd quarter worth approximately $5,152,000. Alpine Global Management LLC boosted its holdings 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 worth $2,570,000 after buying an additional 325,669 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Total Return Securities during the second quarter worth approximately $827,000. Almitas Capital LLC acquired a new position in Total Return Securities in the second quarter worth approximately $687,000. Finally, Sit Investment Associates Inc. grew its position in Total Return Securities by 33,845.7% in the fourth 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 during the last quarter. Institutional investors own 41.12% of the company’s stock.

About Total Return Securities

Total Return Securities (NYSE: SWZ) is a closed-end investment fund focused primarily on publicly traded companies in Switzerland. Rather than operating a commercial business, the fund provides investors with a vehicle for gaining exposure to Swiss equities and the broader Swiss market.

The fund’s portfolio may include companies from multiple industries and is managed with the objective of providing shareholders with long-term capital appreciation and income through investments in Swiss securities.