The Swiss Helvetia Fund (NYSE:SWZ) Shares Pass Above Fifty Day Moving Average of $7.80

The Swiss Helvetia Fund Inc. (NYSE:SWZ – Get Rating)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.80 and traded as high as $8.07. The Swiss Helvetia Fund shares last traded at $8.07, with a volume of 10,356 shares.

The Swiss Helvetia Fund Stock Up 0.6 %

The stock’s 50 day moving average is $7.80 and its two-hundred day moving average is $7.56.

The Swiss Helvetia Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 20th were paid a $0.1229 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Monday, December 19th.

Institutional Trading of The Swiss Helvetia Fund

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates purchased a new stake in The Swiss Helvetia Fund in the third quarter worth about $89,000. Wolverine Asset Management LLC bought a new position in The Swiss Helvetia Fund in the third quarter worth about $137,000. Dynamic Advisor Solutions LLC raised its holdings in The Swiss Helvetia Fund by 62.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 24,965 shares of the closed-end fund’s stock worth $189,000 after purchasing an additional 9,561 shares in the last quarter. UBS Group AG raised its holdings in The Swiss Helvetia Fund by 10.5% in the first quarter. UBS Group AG now owns 31,172 shares of the closed-end fund’s stock worth $287,000 after purchasing an additional 2,961 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in The Swiss Helvetia Fund by 11.6% in the first quarter. Cetera Investment Advisers now owns 56,000 shares of the closed-end fund’s stock worth $516,000 after purchasing an additional 5,800 shares in the last quarter. 29.48% of the stock is owned by hedge funds and other institutional investors.

About The Swiss Helvetia Fund

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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.