Insider Buying: Total Return Securities (NYSE:SWZ) CEO Buys $29,600.00 in Stock

Total Return Securities, Inc. (NYSE:SWZ) CEO Andrew Dakos purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were bought at an average price of $5.92 per share, with a total value of $29,600.00. Following the purchase, the chief executive officer owned 131,000 shares in the company, valued at $775,520. The trade was a 3.97% 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.

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

• On Thursday, May 28th, Andrew Dakos acquired 5,500 shares of Total Return Securities stock. The stock was purchased at an average price of $5.99 per share, for a total transaction of $32,945.00.
• On Wednesday, May 27th, Andrew Dakos acquired 7,500 shares of Total Return Securities stock. The stock was purchased at an average price of $5.97 per share, for a total transaction of $44,775.00.
• On Friday, April 17th, Andrew Dakos acquired 3,000 shares of Total Return Securities stock. The shares were purchased at an average cost of $6.09 per share, with a total value of $18,270.00.
• On Thursday, April 16th, Andrew Dakos bought 7,718 shares of Total Return Securities stock. The stock was purchased at an average cost of $6.06 per share, with a total value of $46,771.08.
• On Thursday, April 16th, Andrew Dakos bought 547 shares of Total Return Securities stock. The stock was purchased at an average cost of $6.04 per share, with a total value of $3,303.88.
• On Wednesday, April 8th, Andrew Dakos bought 4,000 shares of Total Return Securities stock. The stock was purchased at an average price of $5.97 per share, for a total transaction of $23,880.00.

Total Return Securities Stock Up 0.2%

Shares of NYSE SWZ opened at $5.94 on Friday. Total Return Securities, Inc. has a one year low of $5.84 and a one year high of $6.43. The business’s fifty day moving average price is $5.96 and its 200-day moving average price is $6.04.

Institutional Investors Weigh In On Total Return Securities

Several institutional investors have recently added to or reduced their stakes in SWZ. North Ground Capital boosted its position in Total Return Securities by 241.6% during the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock worth $4,112,000 after purchasing an additional 467,622 shares during the period. Alpine Global Management LLC raised its position in shares of 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 during the period. Saba Capital Management L.P. raised its position in shares of 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 during the period. Evolve Private Wealth LLC purchased a new stake in shares of Total Return Securities during the 4th quarter valued at approximately $1,355,000. Finally, Sit Investment Associates Inc. lifted its stake in shares of Total Return Securities by 33,845.7% during the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock valued at $633,000 after buying an additional 101,537 shares in the last quarter. 41.12% of the stock is 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.