Sit Investment Associates Inc. Buys 101,537 Shares of Total Return Securities, Inc. $SWZ

Sit Investment Associates Inc. boosted its stake in shares of Total Return Securities, Inc. (NYSE:SWZ) by 33,845.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,837 shares of the closed-end fund’s stock after purchasing an additional 101,537 shares during the period. Sit Investment Associates Inc.’s holdings in Total Return Securities were worth $633,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. North Ground Capital raised its stake in shares of Total Return Securities by 241.6% in the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock worth $4,112,000 after buying an additional 467,622 shares during the period. Matisse Capital grew its stake in shares of Total Return Securities by 0.5% during the 4th quarter. Matisse Capital now owns 610,000 shares of the closed-end fund’s stock valued at $3,794,000 after acquiring an additional 3,000 shares during the period. 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 valued at $3,764,000 after acquiring an additional 302,612 shares during the period. Rivernorth Capital Management LLC increased its holdings in Total Return Securities by 15.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund’s stock worth $2,718,000 after acquiring an additional 58,381 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in Total Return Securities in the 4th quarter worth approximately $1,355,000. Institutional investors own 41.12% of the company’s stock.

Insider Buying and Selling at Total Return Securities

In other news, CEO Andrew Dakos acquired 7,718 shares of Total Return Securities stock in a transaction dated Thursday, April 16th. The stock was purchased at an average cost of $6.06 per share, with a total value of $46,771.08. Following the completion of the purchase, the chief executive officer directly owned 103,000 shares in the company, valued at approximately $624,180. This trade represents a 8.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 39,385 shares of company stock valued at $236,212 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Total Return Securities Stock Performance

NYSE SWZ opened at $5.92 on Friday. Total Return Securities, Inc. has a 12 month low of $5.84 and a 12 month high of $6.43. The company’s 50 day moving average is $6.00 and its two-hundred day moving average is $6.06.

Total Return Securities 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.