The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.94 and traded as high as $9.07. The Swiss Helvetia Fund shares last traded at $8.96, with a volume of 55,524 shares changing hands.
The Swiss Helvetia Fund Price Performance
The firm's fifty day moving average price is $8.99 and its 200 day moving average price is $8.45.
The Swiss Helvetia Fund Cuts Dividend
The business also recently declared a -- dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd will be paid a $3.00 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, April 15th.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SWZ. Wolverine Asset Management LLC bought a new position in The Swiss Helvetia Fund during the fourth quarter valued at approximately $250,000. PNC Financial Services Group Inc. boosted its position in shares of The Swiss Helvetia Fund by 144.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock valued at $47,000 after acquiring an additional 3,694 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of The Swiss Helvetia Fund by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund's stock valued at $733,000 after purchasing an additional 6,858 shares in the last quarter. Gardner Russo & Quinn LLC increased its position in The Swiss Helvetia Fund by 1.9% in the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund's stock worth $2,163,000 after purchasing an additional 5,451 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in The Swiss Helvetia Fund by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $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.
The Swiss Helvetia Fund Company Profile
(
Get Free Report)
The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.
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