The Swiss Helvetia Fund (NYSE:SWZ) Stock Passes Above 50 Day Moving Average – Here’s Why

The Swiss Helvetia Fund Inc. (NYSE:SWZ) 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 changing hands.

The Swiss Helvetia Fund Price Performance

The firm has a fifty day moving average of $8.12 and a 200-day moving average of $8.36.

The Swiss Helvetia Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.1458 dividend. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 6.57%. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of The Swiss Helvetia Fund

Large investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC boosted its position in The Swiss Helvetia Fund by 1.2% in the 3rd quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock valued at $2,934,000 after buying an additional 3,835 shares during the last quarter. Sanctuary Advisors LLC boosted its position in The Swiss Helvetia Fund by 1.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after buying an additional 1,390 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in The Swiss Helvetia Fund in the 4th quarter valued at about $250,000. PNC Financial Services Group Inc. boosted its position 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 valued at $47,000 after buying an additional 3,694 shares during the last quarter. Finally, Gardner Russo & Quinn LLC boosted its position in The Swiss Helvetia Fund by 1.9% in the 4th quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock valued at $2,163,000 after buying an additional 5,451 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors and hedge funds.

The Swiss Helvetia Fund Company Profile

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.