News Recap: Swiss Helvetia Fund (The) (SWZ)

Swiss Helvetia Fund (The) (SWZ) spotted trading -46.93% off 52-week high price. On the other end, the stock has been noted 8.00% away from the low price over the last 52-weeks. The Fund changed -0.14% to recent value of $7.29. The stock transacted 3655 shares during most recent day however it has an average volume of 87.69K shares. The company has 13.27M of outstanding shares.  

The Swiss Helvetia Fund, Inc. (NYSE: SWZ), declared that its Board of Directors has appointed Andrew Dakos as the Fund’s President and Chief Executive Officer and Thomas Antonucci as the Fund’s Chief Financial Officer, effective today.  The appointments coincide with the resignation of the Fund’s executive officers and officers, all of whom are employees of Schroder Investment Management North America Inc., the Fund’s investment adviser, or its affiliates, as previously disclosed by the Fund.

The Fund is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. Its shares are listed on the NYSE under the symbol “SWZ.” The Fund seeks to achieve its investment objective by investing generally in Swiss equity and equity-linked securities that are traded on a Swiss stock exchange, traded at the pre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.

Closed-end funds, unlike open-end funds, are not continuously offered. Typically, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.

 The price moved ahead of 2.11% from the mean of 20 days, 0.86% from mean of 50 days SMA and performed -29.76% from mean of 200 days price. Company’s performance for the week was -0.82%, 6.73% for month and YTD performance remained 5.65%.

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