Ameriprise Financial Inc. boosted its position in shares of Source Capital, Inc. (NYSE:SOR) by 24.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,162 shares of the financial services provider’s stock after acquiring an additional 7,629 shares during the quarter. Ameriprise Financial Inc. owned 0.45% of Source Capital worth $1,575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOR. First Trust Advisors LP grew its stake in Source Capital by 12.2% during the third quarter. First Trust Advisors LP now owns 51,246 shares of the financial services provider’s stock worth $2,061,000 after buying an additional 5,554 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Source Capital by 25.4% in the 2nd quarter. D.A. Davidson & CO. now owns 33,711 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 6,832 shares in the last quarter. Pecaut & CO. boosted its stake in shares of Source Capital by 22.1% in the 3rd quarter. Pecaut & CO. now owns 99,156 shares of the financial services provider’s stock valued at $3,988,000 after purchasing an additional 17,918 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Source Capital by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 16,912 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Source Capital in the 3rd quarter valued at approximately $201,000. 12.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Source Capital, Inc. (NYSE SOR) opened at $42.07 on Tuesday. Source Capital, Inc. has a 1 year low of $36.25 and a 1 year high of $42.10.
Source Capital Company Profile
Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.
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