Andrew Dakos, President and CEO at Total Return Securities Fund (SWZ), bought 4,963 shares at $5.93 ($29K) on 2026-04-02, disclosed to the SEC on 2026-04-06.
CEO Andrew Dakos purchased 4,863 shares at $5.93, marking the largest purchase of his career. This significant insider buying at a current price of $5.96 suggests the CEO believes the fund is undervalued following a 34% year-to-date decline.
The stock is trading near its 52-week low of $5.84, currently sitting just 0.5% above that level at $5.96, while remaining 36.8% below the 52-week high of $9.43. Despite a slight 0.85% gain over the last five days, the fund is down 34.29% over the past year.
The trade itself is a catalyst, as CEO Dakos executed the largest purchase of his career on April 2nd. Additionally, the net buyer flow of 1.0 over the last 90 days indicates sustained insider support for the fund's shares.
The stock is currently trading just 0.5% above its 52-week low of $5.84, leaving little room for further downside before hitting a new low.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $5.93 | 4,863 | $29K | 98.0% |
| 2 | $5.95 | 100 | $595 | 2.0% |
| Total | $5.93 avg | 4,963 | $29K | 100% |
| Filing → |
| SPE | SELL | 2026-06-04 | $90K | — | Filing → |
| SWZ | BUY | 2026-05-29 | $78K | — | Filing → |
| SWZ | BUY | 2026-05-20 | $42K | — | Filing → |