Invesco Ltd. lifted its position in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,944 shares of the financial services provider's stock after purchasing an additional 7,198 shares during the period. Invesco Ltd. owned about 0.30% of Source Capital worth $1,085,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SOR. DKM Wealth Management Inc. purchased a new stake in shares of Source Capital in the fourth quarter valued at approximately $11,931,000. Raymond James Financial Inc. acquired a new position in shares of Source Capital during the 4th quarter worth $2,231,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Source Capital during the 4th quarter valued at approximately $712,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Source Capital by 77.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 26,081 shares of the financial services provider's stock worth $1,134,000 after acquiring an additional 11,392 shares during the period. Finally, Congress Wealth Management LLC DE purchased a new position in Source Capital in the 4th quarter valued at approximately $357,000. 13.15% of the stock is owned by hedge funds and other institutional investors.
Source Capital Stock Performance
SOR stock traded down $0.01 during midday trading on Wednesday, hitting $41.64. 6,695 shares of the stock were exchanged, compared to its average volume of 12,907. Source Capital, Inc. has a fifty-two week low of $38.66 and a fifty-two week high of $47.91. The stock's 50-day moving average price is $41.29 and its 200-day moving average price is $42.89.
Source Capital Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.2083 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 15th.
About Source Capital
(
Free Report)
Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.
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