The Swiss Helvetia Fund (NYSE:SWZ) Shares Pass Below Fifty Day Moving Average of $7.78

Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.78 and traded as low as $7.68. The Swiss Helvetia Fund shares last traded at $7.72, with a volume of 28,061 shares.

The Swiss Helvetia Fund Price Performance

The stock’s 50-day moving average is $7.78 and its two-hundred day moving average is $7.80.

The Swiss Helvetia Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Monday, March 18th.

Hedge Funds Weigh In On The Swiss Helvetia Fund

Several hedge funds have recently bought and sold shares of SWZ. Shaker Financial Services LLC boosted its stake in shares of The Swiss Helvetia Fund by 1.4% during the fourth quarter. Shaker Financial Services LLC now owns 288,658 shares of the closed-end fund’s stock valued at $2,367,000 after purchasing an additional 3,982 shares during the period. Karpus Management Inc. increased its holdings in The Swiss Helvetia Fund by 21.9% during the 3rd quarter. Karpus Management Inc. now owns 27,920 shares of the closed-end fund’s stock worth $213,000 after purchasing an additional 5,010 shares during the period. AQR Arbitrage LLC raised its position in The Swiss Helvetia Fund by 63.9% during the 3rd quarter. AQR Arbitrage LLC now owns 28,529 shares of the closed-end fund’s stock valued at $218,000 after purchasing an additional 11,123 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of The Swiss Helvetia Fund by 4.0% in the 4th quarter. 1607 Capital Partners LLC now owns 349,903 shares of the closed-end fund’s stock worth $2,869,000 after buying an additional 13,457 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of The Swiss Helvetia Fund during the 4th quarter worth $245,000. Institutional investors own 41.12% of the company’s stock.

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.