High Income Securities Fund (NYSE:PCF) Stock Price Down 1%

High Income Securities Fund (NYSE:PCF)’s stock price fell 1% on Thursday . The company traded as low as $6.67 and last traded at $6.72. 135,958 shares changed hands during trading, an increase of 11% from the average session volume of 122,059 shares. The stock had previously closed at $6.79.

High Income Securities Fund Stock Performance

The business’s 50-day simple moving average is $6.61 and its 200 day simple moving average is $6.64.

High Income Securities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be given a $0.0622 dividend. This represents a $0.75 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Wednesday, September 18th.

Insider Activity at High Income Securities Fund

In other High Income Securities Fund news, Director Phillip Goldstein sold 90,000 shares of High Income Securities Fund stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $6.93, for a total value of $623,700.00. Following the completion of the sale, the director now directly owns 9,773 shares in the company, valued at $67,726.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On High Income Securities Fund

A number of hedge funds have recently added to or reduced their stakes in PCF. Sea Otter Advisors LLC acquired a new position in shares of High Income Securities Fund in the second quarter valued at approximately $70,000. Choreo LLC bought a new position in shares of High Income Securities Fund during the 2nd quarter worth approximately $110,000. Blue Bell Private Wealth Management LLC lifted its holdings in High Income Securities Fund by 452.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 16,770 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 13,734 shares during the last quarter. Raymond James & Associates lifted its holdings in High Income Securities Fund by 2.4% during the 2nd quarter. Raymond James & Associates now owns 192,919 shares of the financial services provider’s stock worth $1,349,000 after purchasing an additional 4,485 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in High Income Securities Fund by 7.7% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 16.64% of the company’s stock.

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.