The Swiss Helvetia Fund (NYSE:SWZ) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

The Swiss Helvetia Fund Inc. (NYSE:SWZ)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.00 and traded as high as $8.70. The Swiss Helvetia Fund shares last traded at $8.69, with a volume of 28,238 shares.

The Swiss Helvetia Fund Stock Up 1.0 %

The firm has a 50 day moving average price of $8.00 and a 200 day moving average price of $8.34.

The Swiss Helvetia Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.1458 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 6.71%. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of The Swiss Helvetia Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC increased its position in shares of The Swiss Helvetia Fund by 1.6% during the third quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after acquiring an additional 1,390 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of The Swiss Helvetia Fund by 1.2% during the third quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock valued at $2,934,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of The Swiss Helvetia Fund during the fourth quarter valued at approximately $250,000. 41.12% of the stock is owned by hedge funds and other institutional investors.

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.