SELL MORITZ A 4
4 · Total Return Securities Fund · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
Total Return Securities Fund (SWZ) Director Moritz A Buys 1,002 Shares
What Happened
- Director Moritz A reported a purchase of 1,002 shares of Total Return Securities Fund (SWZ) on April 24, 2026. The transaction was an open-market or private purchase (code P) at $6.07 per share for a total of $6,077. This was an acquisition (purchase), which investors often view as a more informative/positive signal than a sale.
Key Details
- Transaction date and price: 2026-04-24, 1,002 shares @ $6.07 each.
- Total reported value: $6,077.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Amount includes shares acquired through the issuer’s dividend reinvestment plan (DRIP).
- Filing date: Form 4 filed on 2026-04-27 reporting the 4/24 transaction. The filing does not indicate a late-filing flag.
Context
- The purchase includes shares acquired via the fund’s dividend reinvestment plan, which can reflect routine accumulation of dividends rather than a single large market bet.
- For retail investors, purchases by directors can be more noteworthy than sales, but this is a relatively small-dollar acquisition; treat it as one data point among other insider activity and company fundamentals.
Insider Transaction Report
Form 4
SELL MORITZ A
Director
Transactions
- Purchase
Common Stock
[F1]2026-04-24$6.07/sh+1,002$6,077→ 11,000 total
Footnotes (1)
- [F1]Amount includes shares acquired through the Issuer's dividend reinvestment plan.
Signature
/s/ Stephanie Darling, as Power of Attorney|2026-04-27