High Income Securities Fund (NYSE:PCF – Get Free Report)’s stock price rose 0.5% on Monday . The stock traded as high as $6.65 and last traded at $6.64. Approximately 211,118 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 100,191 shares. The stock had previously closed at $6.61.
High Income Securities Fund Trading Up 0.5 %
The stock has a 50-day moving average price of $6.73 and a 200-day moving average price of $6.60.
High Income Securities Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.0622 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.75 annualized dividend and a yield of 11.24%.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in shares of High Income Securities Fund in the 1st quarter valued at about $5,055,000. Raymond James & Associates lifted its position in High Income Securities Fund by 33.9% in the fourth quarter. Raymond James & Associates now owns 132,858 shares of the financial services provider’s stock valued at $853,000 after purchasing an additional 33,667 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of High Income Securities Fund by 2.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 74,432 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 1,775 shares during the period. Simplicity Wealth LLC bought a new position in shares of High Income Securities Fund in the second quarter worth approximately $362,000. Finally, Founders Financial Alliance LLC increased its stake in shares of High Income Securities Fund by 8.3% in the fourth quarter. Founders Financial Alliance LLC now owns 38,537 shares of the financial services provider’s stock worth $247,000 after buying an additional 2,968 shares during the period. 16.64% of the stock is owned by hedge funds and other institutional investors.
About High Income Securities Fund
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.
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