Rivernorth Capital Management LLC Lowers Holdings in Total Return Securities, Inc. $SWZ

Rivernorth Capital Management LLC trimmed its stake in Total Return Securities, Inc. (NYSE:SWZ) by 24.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,019 shares of the closed-end fund’s stock after selling 105,999 shares during the quarter. Rivernorth Capital Management LLC owned 2.55% of Total Return Securities worth $1,963,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SWZ. Raymond James Financial Inc. bought a new position in shares of Total Return Securities during the second quarter valued at $55,000. Marex Group plc bought a new position in Total Return Securities in the 4th quarter worth about $62,000. Bank of America Corp DE boosted its stake in Total Return Securities by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after purchasing an additional 10,795 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in Total Return Securities during the 4th quarter valued at about $93,000. Finally, Susquehanna International Group LLP grew its position in Total Return Securities by 89.6% during the 3rd quarter. Susquehanna International Group LLP now owns 19,315 shares of the closed-end fund’s stock valued at $117,000 after purchasing an additional 9,126 shares during the last quarter. 41.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Dakos acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average cost of $5.92 per share, for a total transaction of $29,600.00. Following the acquisition, the chief executive officer directly owned 131,000 shares in the company, valued at approximately $775,520. The trade was a 3.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Phillip Goldstein acquired 5,980 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was acquired at an average cost of $5.95 per share, for a total transaction of $35,581.00. Following the completion of 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 37,226 shares of company stock worth $221,258. Corporate insiders own 0.03% of the company’s stock.

Total Return Securities Stock Performance

NYSE:SWZ opened at $5.89 on Thursday. Total Return Securities, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $6.31. The firm has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $6.01.

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.