The Swiss Helvetia Fund (NYSE:SWZ) Share Price Passes Above 50 Day Moving Average of $7.90

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The Swiss Helvetia Fund Inc. (NYSE:SWZGet Rating) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.90 and traded as high as $7.92. The Swiss Helvetia Fund shares last traded at $7.85, with a volume of 5,465 shares.

The Swiss Helvetia Fund Trading Down 0.6 %

The business has a fifty day moving average price of $7.90 and a two-hundred day moving average price of $8.60.

The Swiss Helvetia Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, June 21st were issued a dividend of $0.167 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date was Friday, June 17th.

Hedge Funds Weigh In On The Swiss Helvetia Fund

A number of hedge funds have recently modified their holdings of SWZ. Dynamic Advisor Solutions LLC boosted its holdings in The Swiss Helvetia Fund by 11.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 12,708 shares of the closed-end fund’s stock valued at $126,000 after acquiring an additional 1,318 shares during the period. UBS Group AG boosted its holdings in The Swiss Helvetia Fund by 10.5% during the 1st quarter. UBS Group AG now owns 31,172 shares of the closed-end fund’s stock valued at $287,000 after acquiring an additional 2,961 shares during the period. Cetera Investment Advisers boosted its holdings in The Swiss Helvetia Fund by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the closed-end fund’s stock valued at $516,000 after acquiring an additional 5,800 shares during the period. Bank of America Corp DE boosted its holdings in The Swiss Helvetia Fund by 13.6% during the 1st quarter. Bank of America Corp DE now owns 84,108 shares of the closed-end fund’s stock valued at $775,000 after acquiring an additional 10,046 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of The Swiss Helvetia Fund by 12.5% in the 4th quarter. Wolverine Asset Management LLC now owns 97,133 shares of the closed-end fund’s stock valued at $965,000 after buying an additional 10,781 shares during the period. 31.68% of the stock is currently owned by hedge funds and other institutional investors.

The Swiss Helvetia Fund Company Profile

(Get Rating)

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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