The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.00 and traded as high as $8.70. The Swiss Helvetia Fund shares last traded at $8.69, with a volume of 28,238 shares changing hands.
The Swiss Helvetia Fund Trading Down 0.4 %
The stock has a 50-day moving average price of $8.04 and a 200-day moving average price of $8.34.
The Swiss Helvetia Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.1458 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from The Swiss Helvetia Fund's previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 6.73%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in The Swiss Helvetia Fund by 144.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock worth $47,000 after purchasing an additional 3,694 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of The Swiss Helvetia Fund during the fourth quarter valued at approximately $250,000. Sanctuary Advisors LLC purchased a new stake in shares of The Swiss Helvetia Fund in the 2nd quarter worth about $678,000. Finally, Shaker Financial Services LLC grew its holdings in The Swiss Helvetia Fund by 1.2% in the third quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund's stock worth $2,934,000 after purchasing an additional 3,835 shares during the period. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
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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