Phillip Goldstein Purchases 10,000 Shares of Total Return Securities (NYSE:SWZ) Stock

Total Return Securities, Inc. (NYSE:SWZ) insider Phillip Goldstein acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $5.98 per share, for a total transaction of $59,800.00. Following the acquisition, the insider owned 113,234 shares in the company, valued at approximately $677,139.32. The trade was a 9.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Phillip Goldstein also recently made the following trade(s):

• On Thursday, March 5th, Phillip Goldstein acquired 10,000 shares of Total Return Securities stock. The stock was bought at an average price of $5.99 per share, with a total value of $59,900.00.
• On Monday, February 23rd, Phillip Goldstein bought 5,000 shares of Total Return Securities stock. The stock was bought at an average cost of $6.13 per share, with a total value of $30,650.00.

Total Return Securities Trading Down 0.5%

Shares of SWZ stock opened at $5.90 on Friday. Total Return Securities, Inc. has a 1 year low of $5.84 and a 1 year high of $9.43. The firm’s 50 day moving average is $6.07 and its 200-day moving average is $6.08.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Matisse Capital acquired a new stake in shares of Total Return Securities in the 3rd quarter valued at $3,691,000. North Ground Capital raised its position in shares of 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 acquiring an additional 467,622 shares during the last quarter. Alpine Global Management LLC lifted its stake in shares of 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 valued at $2,570,000 after acquiring an additional 325,669 shares during the period. Saba Capital Management L.P. lifted its stake in shares of Total Return Securities by 100.0% during 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 acquiring an additional 302,612 shares during the period. Finally, Evolve Private Wealth LLC bought a new position in Total Return Securities in the fourth quarter valued at about $1,355,000. Institutional investors and hedge funds own 41.12% of the company’s stock.

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.