Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.08 and traded as high as $8.87. The Swiss Helvetia Fund shares last traded at $8.87, with a volume of 25,399 shares trading hands.
The Swiss Helvetia Fund Price Performance
The firm's fifty day moving average price is $8.14 and its 200-day moving average price is $8.36.
The Swiss Helvetia Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.1458 dividend. This is a positive change from The Swiss Helvetia Fund's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.58 annualized dividend and a dividend yield of 6.57%.
Hedge Funds Weigh In On The Swiss Helvetia Fund
Several institutional investors and hedge funds have recently made changes to their positions in SWZ. Saba Capital Management L.P. lifted its position in The Swiss Helvetia Fund by 24.7% in the 4th quarter. Saba Capital Management L.P. now owns 325,779 shares of the closed-end fund's stock valued at $2,440,000 after acquiring an additional 64,597 shares in the last quarter. Logan Stone Capital LLC bought a new stake in The Swiss Helvetia Fund in the 4th quarter valued at $238,000. Bank of America Corp DE lifted its position in The Swiss Helvetia Fund by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. 1607 Capital Partners LLC lifted its position in The Swiss Helvetia Fund by 12.8% in the 4th quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund's stock valued at $3,442,000 after acquiring an additional 52,228 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in The Swiss Helvetia Fund by 55.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock valued at $1,119,000 after acquiring an additional 52,989 shares in the last quarter. Institutional investors and hedge funds own 41.12% of the company's stock.
The Swiss Helvetia Fund Company Profile
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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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