Sit Investment Associates Inc. Increases Stock Position in Total Return Securities, Inc. $SWZ

Sit Investment Associates Inc. lifted its stake in Total Return Securities, Inc. (NYSE:SWZ) by 33,845.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,837 shares of the closed-end fund’s stock after acquiring an additional 101,537 shares during the quarter. Sit Investment Associates Inc. owned 0.78% of Total Return Securities worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Matisse Capital boosted its holdings in Total Return Securities by 0.5% in the fourth quarter. Matisse Capital now owns 610,000 shares of the closed-end fund’s stock worth $3,794,000 after purchasing an additional 3,000 shares during the last quarter. Raymond James Financial Inc. raised its stake in Total Return Securities by 58.3% during the 3rd quarter. Raymond James Financial Inc. now owns 13,850 shares of the closed-end fund’s stock valued at $84,000 after buying an additional 5,100 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of 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 buying an additional 9,126 shares during the period. Marex Group plc bought a new position in shares of Total Return Securities during the 4th quarter valued at $62,000. Finally, Bank of America Corp DE boosted its stake in shares of 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 buying an additional 10,795 shares during the last quarter. Institutional investors own 41.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew Dakos bought 7,718 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $6.06 per share, with a total value of $46,771.08. Following the completion of the transaction, the chief executive officer owned 103,000 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Insiders bought a total of 39,385 shares of company stock valued at $236,212 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Total Return Securities Stock Performance

SWZ stock opened at $5.92 on Friday. Total Return Securities, Inc. has a 1 year low of $5.84 and a 1 year high of $6.43. The stock’s fifty day moving average price is $6.00 and its 200-day moving average price is $6.06.

About Total Return Securities

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.