The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.51 and traded as high as $9.15. The Swiss Helvetia Fund shares last traded at $9.07, with a volume of 17,638 shares trading hands.
The Swiss Helvetia Fund Trading Up 0.5 %
The stock has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $8.41.
The Swiss Helvetia Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.1458 per share. This represents a $0.58 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Tuesday, March 18th.
Hedge Funds Weigh In On The Swiss Helvetia Fund
Several hedge funds have recently added to or reduced their stakes in SWZ. Saba Capital Management L.P. boosted its holdings in shares of 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 buying an additional 64,597 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in The Swiss Helvetia Fund by 55.0% in the fourth 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. 1607 Capital Partners LLC grew its holdings in shares of The Swiss Helvetia Fund by 12.8% during the fourth quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund's stock worth $3,442,000 after purchasing an additional 52,228 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The Swiss Helvetia Fund during the fourth quarter worth about $250,000. Finally, Logan Stone Capital LLC acquired a new stake in shares of The Swiss Helvetia Fund during the fourth quarter worth about $238,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
About The Swiss Helvetia Fund
(
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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