Shares of High Income Securities Fund (NYSE:PCF - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.71 and traded as low as $6.61. High Income Securities Fund shares last traded at $6.62, with a volume of 36,157 shares traded.
High Income Securities Fund Price Performance
The business has a 50-day moving average of $6.71 and a 200 day moving average of $6.70.
High Income Securities Fund Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.0593 per share. The ex-dividend date was Tuesday, January 21st. This represents a dividend yield of 10.68%.
Insider Activity at High Income Securities Fund
In related news, Director Phillip Goldstein sold 19,296 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.84, for a total value of $131,984.64. Following the completion of the transaction, the director now owns 7,131 shares of the company's stock, valued at approximately $48,776.04. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On High Income Securities Fund
Several institutional investors have recently modified their holdings of the stock. Noble Wealth Management PBC bought a new position in High Income Securities Fund during the fourth quarter valued at $70,000. Total Wealth Planning & Management Inc. bought a new stake in High Income Securities Fund in the fourth quarter worth about $80,000. Naviter Wealth LLC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $99,000. HighTower Advisors LLC purchased a new stake in shares of High Income Securities Fund in the fourth quarter worth approximately $122,000. Finally, Alpine Global Management LLC purchased a new stake in shares of High Income Securities Fund in the fourth quarter worth approximately $199,000. 16.64% of the stock is owned by institutional investors.
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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