Insider Cluster (1 insider) ·Filed Mar 12, 2026
Insider cluster: 2 insiders, $80K total
Actionable Insight • Neutral
Monitor for additional insider purchases or a potential Form 13F filing that may signal institutional accumulation. Consider whether this buying reflects confidence ahead of a distribution increase or portfolio repositioning.
Final — all horizons settled through T+60d
SWZ ▼ -2.50% at T+60d
NEUTRAL call -2.50% · α vs SPY -13.19% · entry $6.01 → $5.86
T+1d
-0.50%
call -0.50% · α +0.10%
$5.98
settled 8mo ago
T+5d
-1.33%
call -1.33% · α -0.35%
$5.93
settled 7mo ago
T+20d
+0.83%
call +0.83% · α -1.14%
$6.06
settled 7mo ago
T+60d
-2.50%
call -2.50% · α -13.19%
$5.86
settled 5mo ago
Price Chart
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Executive Summary
Phillip Goldstein, Secretary of Total Return Securities Fund, purchased 10,000 shares in the open market for $59,800. This is part of a broader pattern of insider buying, with $370K in insider purchases over the last 30 days.
Key Financial Metrics
Direction
buying
Total Value
$59.8K
Insiders
1
Key Facts
- Phillip Goldstein (Secretary) bought 10,000 shares at $5.98 per share, totaling $59,800.
- All transactions were open-market purchases (code P), indicating direct confidence.
- Over the past 30 days, insiders have made 9 purchases totaling $370,000.
- No sales or non-cash transactions (e.g., A, F, M) reported in the cluster.
Financial Impact
$59,800 single transaction; $370,000 total insider buying in 30 days
insider ownershipmarket sentiment
Risk Factors
- The purchase was made by the Secretary, not a portfolio manager or C-suite executive with direct investment authority.
- Total value remains under $1M and represents a modest signal without corroborating fundamental catalysts.
Market Snapshot
Exchange
NYSE
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (1 trades, 7d window) | cluster-SWZ-1773951679957 |
8 reports for SWZ
50% Hit rate @ T+5 Went positive at some point 3 of 6 best @ T+20▲ +1.51%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 17, 2026 27w ago | Insider Cluster | $6.08 $6.08 | · 0.00% | ▼ −0.55% | $5.83 (−4.11%) |
Mar 18, 2026 31w ago | Insider Cluster | $5.96 $5.99 | ▲ +0.50% | ▲ +1.22% | $5.83 (−2.18%) |
Mar 12, 2026 32w ago | Insider Cluster | $6.01 $5.93 | ▼ −1.33% | ▼ −0.35% | $5.83 (−3.00%) |
Mar 5, 2026 33w ago | Insider Cluster | $5.93 $5.98 | ▲ +0.84% | ▲ +2.34% | $5.83 (−1.69%) |
Mar 3, 2026 33w ago | Insider Cluster | $5.99 $6.00 | ▲ +0.17% | ▲ +0.64% | $5.83 (−2.67%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Showing 8 of 8
US Market Status
Market Closed — Opens Tue (15h 56m)
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