City of London Investment Management Co. Ltd. Sells 15,941 Shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ)

City of London Investment Management Co. Ltd. cut its holdings in The Swiss Helvetia Fund Inc. (NYSE:SWZ – Get Rating) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 566,411 shares of the closed-end fund’s stock after selling 15,941 shares during the period. City of London Investment Management Co. Ltd.’s holdings in The Swiss Helvetia Fund were worth $4,279,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Gardner Russo & Quinn LLC raised its stake in shares of The Swiss Helvetia Fund by 2.5% during the third quarter. Gardner Russo & Quinn LLC now owns 250,137 shares of the closed-end fund’s stock valued at $1,698,000 after acquiring an additional 5,983 shares during the last quarter. Shaker Financial Services LLC raised its stake in shares of The Swiss Helvetia Fund by 81.4% during the third quarter. Shaker Financial Services LLC now owns 240,499 shares of the closed-end fund’s stock valued at $1,633,000 after acquiring an additional 107,951 shares during the last quarter. Raymond James & Associates bought a new position in shares of The Swiss Helvetia Fund during the third quarter valued at about $89,000. Lazard Asset Management LLC raised its stake in shares of The Swiss Helvetia Fund by 0.3% during the first quarter. Lazard Asset Management LLC now owns 805,394 shares of the closed-end fund’s stock valued at $7,425,000 after acquiring an additional 2,444 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of The Swiss Helvetia Fund by 13.6% during the first quarter. Bank of America Corp DE now owns 84,108 shares of the closed-end fund’s stock valued at $775,000 after acquiring an additional 10,046 shares during the last quarter. 29.48% of the stock is owned by institutional investors.

The Swiss Helvetia Fund Price Performance

SWZ stock traded up $0.07 during trading on Friday, reaching $8.22. The company had a trading volume of 11,671 shares, compared to its average volume of 22,416. The Swiss Helvetia Fund Inc. has a 52 week low of $6.56 and a 52 week high of $8.48. The business has a 50 day moving average of $8.10 and a 200 day moving average of $7.92.

The Swiss Helvetia Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 22nd were paid a $0.123 dividend. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.12. This represents a $0.49 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Tuesday, March 21st.

About The Swiss Helvetia Fund

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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.