Director at Total Return Securities Fund (NYSE: SWZ) purchases 2517 shares
Rhea-AI Filing Summary
SELL MORITZ A, a director of Total Return Securities Fund, reported open‑market purchases of Common Stock totaling 2517 shares. The trades occurred on 2026‑07‑22 (517 shares at $5.9000) and 2026‑07‑23 (2000 shares at $5.8600). Reported amounts include shares acquired through the issuer’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,517 shares
Net Buy
2 txns
Insider
SELL MORITZ A
Role
Director
Bought
2,517 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 2,000 | $5.86 | $12K |
| Purchase | Common Stock F1 | 517 | $5.90 | $3K |
Holdings After Transaction:
Common Stock — 24,246 shares (Direct)
Footnotes (1)
- F1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.
Key Figures
Shares purchased 2026-07-23: 2000 shares
Shares purchased 2026-07-22: 517 shares
Total shares purchased: 2517 shares
+1 more
4 metrics
Shares purchased 2026-07-23
2000 shares
Common Stock bought at $5.8600 per share on 2026-07-23
Shares purchased 2026-07-22
517 shares
Common Stock bought at $5.9000 per share on 2026-07-22
Total shares purchased
2517 shares
Net Common Stock purchases across all reported transactions
Purchase price range
$5.8600–$5.9000 per share
Per-share prices paid for Common Stock in July 2026 purchases
Key Terms
dividend reinvestment plan, open market or private transaction, acquired_disposed_code
3 terms
dividend reinvestment plan financial
"shares acquired through the Issuer's dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
open market or private transaction financial
"transaction_code_description": "Purchase in open market or private transaction"
acquired_disposed_code regulatory
"acquired_disposed_code": "A""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider purchases did SELL MORITZ A report for Total Return Securities Fund (SWZ)?
SELL MORITZ A reported buying 2517 shares of Total Return Securities Fund Common Stock, split between 517 shares at $5.9000 on 2026‑07‑22 and 2000 shares at $5.8600 on 2026‑07‑23, including shares from the dividend reinvestment plan.
Does the SWZ Form 4 indicate use of a dividend reinvestment plan?
Yes. A footnote states that the reported amounts include shares acquired through the issuer’s dividend reinvestment plan. This means a portion of the 2517 reported shares reflects automatic reinvestment of dividends rather than only discretionary market purchases.
Are the SWZ insider transactions in this Form 4 classified as buys or sells?
Both reported transactions are classified as purchases of Common Stock, coded “P” with an acquired/disposed code of “A.” The filing’s transaction summary shows 2 buy transactions totaling 2517 shares and no sales or derivative exercises.
What type of security did the SWZ director acquire in these transactions?
The insider bought non‑derivative Common Stock of Total Return Securities Fund (SWZ). No options, warrants, or other derivative securities are reported, and the derivative holdings summary shows no derivative positions in connection with these transactions.