High Income Securities Fund (NYSE:PCF - Get Free Report) shares fell 1.4% on Monday . The stock traded as low as $6.72 and last traded at $6.72. 187,919 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 128,100 shares. The stock had previously closed at $6.81.
High Income Securities Fund Stock Performance
The company's 50 day moving average price is $6.77 and its two-hundred day moving average price is $6.72.
High Income Securities Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.0622 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.75 annualized dividend and a yield of 10.90%.
Institutional Trading of High Income Securities Fund
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC purchased a new position in shares of High Income Securities Fund during the 3rd quarter valued at about $7,890,000. Quarry LP raised its stake in High Income Securities Fund by 502,860.0% during the 3rd quarter. Quarry LP now owns 50,296 shares of the financial services provider's stock worth $344,000 after acquiring an additional 50,286 shares during the period. L.M. Kohn & Company purchased a new position in High Income Securities Fund during the third quarter valued at approximately $94,000. Harbour Investments Inc. bought a new position in shares of High Income Securities Fund in the third quarter worth approximately $333,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of High Income Securities Fund in the third quarter worth $252,000. Hedge funds and other institutional investors 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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