Karpus Management Inc. Buys 40,825 Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ)

Karpus Management Inc. increased its holdings in shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 22.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,655 shares of the closed-end fund’s stock after purchasing an additional 40,825 shares during the period. Karpus Management Inc.’s holdings in The Swiss Helvetia Fund were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWZ. Wolverine Asset Management LLC bought a new position in shares of The Swiss Helvetia Fund during the fourth quarter valued at approximately $245,000. Shaker Financial Services LLC boosted its stake 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 purchasing an additional 3,982 shares in the last quarter. Finally, 1607 Capital Partners LLC boosted its stake 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 purchasing an additional 13,457 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Trading Down 0.9 %

NYSE:SWZ traded down $0.08 during midday trading on Thursday, reaching $8.38. 11,725 shares of the stock traded hands, compared to its average volume of 16,377. The Swiss Helvetia Fund Inc. has a 12-month low of $7.12 and a 12-month high of $8.57. The business has a 50-day moving average of $8.16 and a two-hundred day moving average of $7.97.

The Swiss Helvetia Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were given a dividend of $0.129 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%.

The Swiss Helvetia Fund Company Profile

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.