The Swiss Helvetia Fund (NYSE:SWZ) Shares Cross Above 50 Day Moving Average – Time to Sell?

The Swiss Helvetia Fund Inc. (NYSE:SWZ) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.74 and traded as high as $8.77. The Swiss Helvetia Fund shares last traded at $8.75, with a volume of 3,130 shares.

The Swiss Helvetia Fund Trading Down 0.1 %

The company has a 50-day moving average price of $8.74 and a two-hundred day moving average price of $8.25.

The Swiss Helvetia Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were given a dividend of $0.129 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 5.90%.

Hedge Funds Weigh In On The Swiss Helvetia Fund

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in The Swiss Helvetia Fund by 7.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock worth $17,546,000 after buying an additional 148,310 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of The Swiss Helvetia Fund by 10.8% during the 2nd quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock valued at $2,614,000 after purchasing an additional 31,596 shares during the last quarter. Karpus Management Inc. grew its holdings in The Swiss Helvetia Fund by 22.3% during the 1st 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of The Swiss Helvetia Fund in the second quarter valued at $678,000. Finally, Wolverine Asset Management LLC grew its position in The Swiss Helvetia Fund by 55.2% in the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock worth $292,000 after acquiring an additional 12,874 shares in 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.