The Swiss Helvetia Fund (NYSE:SWZ) Stock Passes Above 50-Day Moving Average of $7.92

The Swiss Helvetia Fund Inc. (NYSE:SWZ) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.92 and traded as high as $8.10. The Swiss Helvetia Fund shares last traded at $8.07, with a volume of 13,885 shares.

The Swiss Helvetia Fund Stock Down 0.1 %

The company’s fifty day simple moving average is $7.92 and its 200-day simple moving average is $7.94.

The Swiss Helvetia Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Tuesday, June 18th.

Institutional Investors Weigh In On The Swiss Helvetia Fund

A number of large investors have recently made changes to their positions in the stock. Karpus Management Inc. grew its holdings in shares of The Swiss Helvetia Fund by 22.3% during the first quarter. Karpus Management Inc. now owns 223,655 shares of the closed-end fund’s stock valued at $1,774,000 after buying an additional 40,825 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in shares of The Swiss Helvetia Fund by 4.0% during the fourth quarter. 1607 Capital Partners LLC now owns 349,903 shares of the closed-end fund’s stock valued at $2,869,000 after buying an additional 13,457 shares during the last quarter. Shaker Financial Services LLC grew its holdings 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 buying an additional 3,982 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of The Swiss Helvetia Fund during the fourth quarter valued at $245,000. Finally, AQR Arbitrage LLC grew its holdings in shares of The Swiss Helvetia Fund by 63.9% during the third quarter. AQR Arbitrage LLC now owns 28,529 shares of the closed-end fund’s stock valued at $218,000 after buying an additional 11,123 shares during the last quarter. 41.12% of the stock is owned by hedge funds and other institutional investors.

About The Swiss Helvetia Fund

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.