Insider Buying: Swiss Helvetia Fund Inc. (SWZ) Director Acquires $80,658.24 in Stock

Swiss Helvetia Fund Inc. (NYSE:SWZ) Director Andrew Dakos acquired 6,463 shares of Swiss Helvetia Fund stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average price of $12.48 per share, with a total value of $80,658.24. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Andrew Dakos also recently made the following trade(s):

  • On Thursday, November 30th, Andrew Dakos purchased 5,156 shares of Swiss Helvetia Fund stock. The stock was bought at an average price of $12.68 per share, with a total value of $65,378.08.
  • On Tuesday, November 21st, Andrew Dakos purchased 13,060 shares of Swiss Helvetia Fund stock. The stock was bought at an average price of $12.60 per share, with a total value of $164,556.00.
  • On Wednesday, November 15th, Andrew Dakos purchased 1,394 shares of Swiss Helvetia Fund stock. The stock was bought at an average price of $12.34 per share, with a total value of $17,201.96.

Shares of Swiss Helvetia Fund Inc. (NYSE:SWZ) traded up $0.01 on Friday, reaching $12.62. The company’s stock had a trading volume of 42,031 shares, compared to its average volume of 14,691. Swiss Helvetia Fund Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.90.

The business also recently declared a semiannual dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 15th were given a $0.12 dividend. This is a boost from Swiss Helvetia Fund’s previous semiannual dividend of $0.01. The ex-dividend date was Thursday, December 14th. This represents a yield of 1.9%.

Institutional investors and hedge funds have recently modified their holdings of the business. City of London Investment Management Co. Ltd. purchased a new position in Swiss Helvetia Fund during the 2nd quarter worth $429,000. Doliver Capital Advisors LP purchased a new position in Swiss Helvetia Fund during the 2nd quarter worth $191,000. Alpine Global Management LLC purchased a new position in Swiss Helvetia Fund during the 2nd quarter worth $162,000. Shaker Financial Services LLC purchased a new position in Swiss Helvetia Fund during the 3rd quarter worth $335,000. Finally, Wells Fargo & Company MN increased its holdings in Swiss Helvetia Fund by 48.4% during the 3rd quarter. Wells Fargo & Company MN now owns 4,908,917 shares of the closed-end fund’s stock worth $62,680,000 after purchasing an additional 1,600,509 shares during the period. Institutional investors and hedge funds own 48.08% of the company’s stock.

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About Swiss Helvetia Fund

The Swiss Helvetia Fund, Inc (the Fund) is a non-diversified, closed-end investment company. The Fund’s investment objective is to seek long-term growth of capital through investment in equity and equity-linked securities of Swiss companies. The Fund may also acquire and hold equity and equity-linked securities of non-Swiss companies in limited instances.

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