The Swiss Helvetia Fund (NYSE:SWZ) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

The Swiss Helvetia Fund Inc. (NYSE:SWZGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.38 and traded as low as $7.80. The Swiss Helvetia Fund shares last traded at $7.81, with a volume of 18,247 shares.

The Swiss Helvetia Fund Trading Down 0.7 %

The company’s 50-day moving average price is $8.14 and its 200 day moving average price is $8.38.

The Swiss Helvetia Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.1458 per share. This is a boost from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 17th. This represents a $0.58 annualized dividend and a yield of 7.47%.

Hedge Funds Weigh In On The Swiss Helvetia Fund

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in The Swiss Helvetia Fund by 7.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock valued at $17,546,000 after buying an additional 148,310 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of The Swiss Helvetia Fund during the second quarter valued at about $678,000. Wolverine Asset Management LLC raised its stake in shares of The Swiss Helvetia Fund by 55.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock valued at $292,000 after acquiring an additional 12,874 shares during the period. Logan Stone Capital LLC purchased a new position in shares of The Swiss Helvetia Fund during the 2nd quarter worth approximately $163,000. Finally, Shaker Financial Services LLC increased its holdings in The Swiss Helvetia Fund by 1.2% in the 3rd quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock valued at $2,934,000 after purchasing an additional 3,835 shares during the last quarter. Institutional investors and hedge funds own 41.12% of the company’s stock.

About The Swiss Helvetia Fund

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for The Swiss Helvetia Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Swiss Helvetia Fund and related companies with MarketBeat.com's FREE daily email newsletter.