High Income Securities Fund (NYSE:PCF - Get Free Report)'s stock price rose 0.6% during mid-day trading on Thursday . The company traded as high as $6.35 and last traded at $6.35. Approximately 107,193 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 62,894 shares. The stock had previously closed at $6.31.
High Income Securities Fund Stock Down 0.5%
The stock has a fifty day moving average of $6.36 and a 200-day moving average of $6.45.
High Income Securities Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0593 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%.
Institutional Trading of High Income Securities Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in PCF. Kingstone Capital Partners Texas LLC increased its position in High Income Securities Fund by 525,921.8% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,105,119 shares of the financial services provider's stock valued at $868,366,000 after acquiring an additional 132,080,005 shares during the period. LPL Financial LLC boosted its holdings in High Income Securities Fund by 1,744.5% in the 4th quarter. LPL Financial LLC now owns 1,748,815 shares of the financial services provider's stock valued at $11,420,000 after purchasing an additional 1,654,003 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in High Income Securities Fund in the 4th quarter valued at approximately $1,256,000. Advisors Asset Management Inc. purchased a new stake in shares of High Income Securities Fund during the 1st quarter worth approximately $776,000. Finally, Wells Fargo & Company MN lifted its stake in High Income Securities Fund by 15.9% in the 4th quarter. Wells Fargo & Company MN now owns 75,567 shares of the financial services provider's stock valued at $493,000 after buying an additional 10,370 shares in the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.
About High Income Securities Fund
(
Get Free Report)
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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