Insider Buying: Total Return Securities (NYSE:SWZ) Director Purchases 5,000 Shares of Stock

Total Return Securities, Inc. (NYSE:SWZ) Director Phillip Goldstein purchased 5,000 shares of Total Return Securities stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of $6.13 per share, for a total transaction of $30,650.00. Following the transaction, the director directly owned 87,910 shares of the company’s stock, valued at approximately $538,888.30. This represents a 6.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Total Return Securities Trading Up 0.2%

Shares of SWZ stock traded up $0.02 during trading on Wednesday, reaching $6.18. The company’s stock had a trading volume of 93,800 shares, compared to its average volume of 135,989. Total Return Securities, Inc. has a 1-year low of $5.84 and a 1-year high of $9.43. The stock’s 50-day moving average price is $6.14 and its 200 day moving average price is $6.08.

Institutional Investors Weigh In On Total Return Securities

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Total Return Securities during the 2nd quarter worth $55,000. Marex Group plc purchased a new position in shares of Total Return Securities during the fourth quarter worth about $62,000. Private Management Group Inc. purchased a new position in shares of Total Return Securities during the second quarter worth about $67,000. Bank of America Corp DE increased its position 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 valued at $102,000 after acquiring an additional 10,795 shares during the period. Finally, Mccarter Private Wealth Services LLC purchased a new stake in Total Return Securities during the 2nd quarter valued at approximately $92,000. 41.12% of the stock is currently owned by institutional investors and hedge funds.

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.