Lazard Asset Management LLC cut its stake in Swiss Helvetia Fund Inc. (NYSE:SWZ) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,274,574 shares of the closed-end fund’s stock after selling 23,000 shares during the quarter. Lazard Asset Management LLC owned approximately 8.99% of Swiss Helvetia Fund worth $29,023,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. John G Ullman & Associates Inc. lifted its holdings in Swiss Helvetia Fund by 3.4% in the fourth quarter. John G Ullman & Associates Inc. now owns 252,345 shares of the closed-end fund’s stock valued at $3,220,000 after acquiring an additional 8,185 shares during the period. Advisor Partners LLC acquired a new position in Swiss Helvetia Fund in the fourth quarter valued at approximately $159,000. Shaker Financial Services LLC acquired a new position in Swiss Helvetia Fund in the third quarter valued at approximately $335,000. Uncommon Cents Investing LLC acquired a new position in Swiss Helvetia Fund in the fourth quarter valued at approximately $848,000. Finally, City of London Investment Management Co. Ltd. lifted its holdings in Swiss Helvetia Fund by 58.9% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 315,835 shares of the closed-end fund’s stock valued at $4,044,000 after acquiring an additional 117,080 shares during the period. 49.97% of the stock is owned by institutional investors.
In related news, Director Andrew Dakos purchased 6,463 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was bought at an average cost of $12.48 per share, with a total value of $80,658.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 126,004 shares of company stock valued at $1,608,657 over the last three months. 0.15% of the stock is currently owned by corporate insiders.
Shares of Swiss Helvetia Fund Inc. (NYSE SWZ) traded down $0.05 during trading hours on Monday, reaching $12.65. The company’s stock had a trading volume of 14,477 shares, compared to its average volume of 26,558. Swiss Helvetia Fund Inc. has a one year low of $11.09 and a one year high of $13.74.
ILLEGAL ACTIVITY WARNING: “Swiss Helvetia Fund Inc. (NYSE:SWZ) Stake Lowered by Lazard Asset Management LLC” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/12/lazard-asset-management-llc-has-29-02-million-holdings-in-swiss-helvetia-fund-inc-swz.html.
About Swiss Helvetia Fund
The Swiss Helvetia Fund, Inc (the Fund) is a non-diversified, closed-end investment company. The Fund’s investment objective is to seek long-term growth of capital through investment in equity and equity-linked securities of Swiss companies. The Fund may also acquire and hold equity and equity-linked securities of non-Swiss companies in limited instances.
Receive News & Ratings for Swiss Helvetia Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swiss Helvetia Fund and related companies with MarketBeat.com's FREE daily email newsletter.