Allspring Global Investments Holdings LLC Lowers Stock Holdings in Total Return Securities, Inc. $SWZ

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Total Return Securities, Inc. (NYSE:SWZ) by 69.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 650,702 shares of the closed-end fund’s stock after selling 1,476,608 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of Total Return Securities worth $3,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Total Return Securities in the 2nd quarter worth approximately $55,000. Marex Group plc purchased a new position in shares of Total Return Securities in the 4th quarter valued at approximately $62,000. Capital Investment Counsel Inc bought a new stake in shares of Total Return Securities during the fourth quarter valued at approximately $93,000. TrueMark Investments LLC purchased a new position in Total Return Securities during the 4th quarter valued at about $95,000. Finally, Bank of America Corp DE boosted its position 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 purchasing an additional 10,795 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

Insider Activity at Total Return Securities

In other news, CEO Andrew Dakos purchased 5,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average cost of $5.92 per share, with a total value of $29,600.00. Following the acquisition, the chief executive officer directly owned 131,000 shares of the company’s stock, valued at $775,520. This represents a 3.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip Goldstein purchased 5,980 shares of the company’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 purchase, the insider owned 119,214 shares in the company, valued at approximately $709,323.30. The trade was a 5.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 33,226 shares of company stock worth $197,708 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Total Return Securities Price Performance

Shares of SWZ stock opened at $5.87 on Friday. The company’s 50-day moving average is $5.93 and its 200 day moving average is $6.01. Total Return Securities, Inc. has a one year low of $5.84 and a one year high of $6.43.

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.