High Income Securities Fund (NYSE:PCF - Get Free Report)'s share price fell 1.6% during trading on Wednesday . The company traded as low as $6.16 and last traded at $6.21. 145,543 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 124,169 shares. The stock had previously closed at $6.31.
High Income Securities Fund Price Performance
The company's fifty day moving average is $6.27 and its 200 day moving average is $6.53.
High Income Securities Fund Announces Dividend
The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a dividend of $0.0593 per share. This represents a yield of 11.19%. The ex-dividend date was Tuesday, May 20th.
Insider Buying and Selling
In other High Income Securities Fund news, Director Moritz A. Sell bought 4,487 shares of the business's stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $5.97 per share, with a total value of $26,787.39. Following the transaction, the director now directly owns 11,033 shares in the company, valued at approximately $65,867.01. This trade represents a 68.55% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have acquired 6,376 shares of company stock worth $38,412. 1.60% of the stock is currently owned by corporate insiders.
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. Noble Wealth Management PBC bought a new position in High Income Securities Fund during the 4th quarter valued at $70,000. Raymond James Financial Inc. acquired a new stake in shares of High Income Securities Fund in the 4th quarter valued at about $1,256,000. Naviter Wealth LLC acquired a new stake in shares of High Income Securities Fund in the 4th quarter valued at about $99,000. HighTower Advisors LLC bought a new position in shares of High Income Securities Fund during the fourth quarter worth about $122,000. Finally, LPL Financial LLC grew its stake in High Income Securities Fund by 1,744.5% in the fourth quarter. LPL Financial LLC now owns 1,748,815 shares of the financial services provider's stock worth $11,420,000 after purchasing an additional 1,654,003 shares in the last quarter. Institutional investors own 16.64% of the company's stock.
High Income Securities Fund Company Profile
(
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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