Total Return Securities (NYSE:SWZ) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Total Return Securities, Inc. (NYSE:SWZ) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.95 and traded as low as $5.91. Total Return Securities shares last traded at $5.94, with a volume of 8,199 shares changing hands.

Total Return Securities Stock Up 0.2%

The company’s fifty day moving average price is $5.95 and its two-hundred day moving average price is $6.03.

Insiders Place Their Bets

In other news, CEO Andrew Dakos purchased 7,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $5.97 per share, with a total value of $44,775.00. Following the purchase, the chief executive officer directly owned 120,500 shares of the company’s stock, valued at $719,385. This trade represents a 6.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Phillip Goldstein purchased 5,980 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of $5.95 per share, for a total transaction of $35,581.00. Following the completion of the acquisition, the insider owned 119,214 shares of the company’s stock, valued at approximately $709,323.30. This represents a 5.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 34,228 shares of company stock valued at $203,790. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Alpine Global Management LLC raised its position in Total Return Securities by 372.2% in the 4th quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund’s stock valued at $2,570,000 after buying an additional 325,669 shares during the last quarter. Sit Investment Associates Inc. grew 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 worth $633,000 after acquiring an additional 101,537 shares in the last quarter. Saba Capital Management L.P. grew 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 worth $3,764,000 after acquiring an additional 302,612 shares in the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of Total Return Securities by 15.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund’s stock valued at $2,718,000 after purchasing an additional 58,381 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Total Return Securities in the fourth quarter valued at approximately $1,355,000. 41.12% of the stock is currently owned by 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.