Commonwealth Equity Services LLC Sells 14,022 Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ)

Commonwealth Equity Services LLC lowered its holdings in shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ – Get Rating) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,786 shares of the closed-end fund’s stock after selling 14,022 shares during the period. Commonwealth Equity Services LLC owned about 0.99% of The Swiss Helvetia Fund worth $988,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in The Swiss Helvetia Fund by 15.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,377,942 shares of the closed-end fund’s stock valued at $10,417,000 after buying an additional 184,131 shares during the last quarter. Shaker Financial Services LLC raised its position in The Swiss Helvetia Fund by 81.4% during the 3rd quarter. Shaker Financial Services LLC now owns 240,499 shares of the closed-end fund’s stock worth $1,633,000 after purchasing an additional 107,951 shares during the last quarter. Wolverine Asset Management LLC bought a new position in The Swiss Helvetia Fund during the 3rd quarter worth approximately $137,000. Raymond James & Associates bought a new position in The Swiss Helvetia Fund during the 3rd quarter worth approximately $89,000. Finally, Bank of America Corp DE raised 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 worth $775,000 after purchasing an additional 10,046 shares during the last quarter. Institutional investors and hedge funds own 29.48% of the company’s stock.

The Swiss Helvetia Fund Stock Performance

The Swiss Helvetia Fund stock opened at $8.28 on Tuesday. The firm has a 50 day moving average price of $8.07 and a two-hundred day moving average price of $7.91. The Swiss Helvetia Fund Inc. has a 52-week low of $6.56 and a 52-week high of $8.48.

The Swiss Helvetia Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 22nd were paid a $0.123 dividend. The ex-dividend date was Tuesday, March 21st. This represents a $0.49 annualized dividend and a dividend yield of 5.94%. This is a positive change from The Swiss Helvetia Fund’s previous quarterly dividend of $0.12.

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.