High Income Securities Fund (NYSE:PCF) Shares Down 1%

High Income Securities Fund (NYSE:PCF) shares traded down 1% on Thursday . The stock traded as low as $6.67 and last traded at $6.72. 135,958 shares changed hands during trading, an increase of 11% from the average session volume of 122,059 shares. The stock had previously closed at $6.79.

High Income Securities Fund Stock Performance

The firm has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $6.64.

High Income Securities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 18th will be paid a $0.0622 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $0.75 dividend on an annualized basis and a yield of 11.07%.

Insider Buying and Selling at High Income Securities Fund

In related news, Director Phillip Goldstein sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $6.93, for a total value of $623,700.00. Following the completion of the transaction, the director now owns 9,773 shares of the company’s stock, valued at approximately $67,726.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Founders Financial Alliance LLC lifted its position in shares of High Income Securities Fund by 8.3% in the fourth quarter. Founders Financial Alliance LLC now owns 38,537 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,968 shares in the last quarter. Cetera Advisors LLC acquired a new position in High Income Securities Fund in the 1st quarter valued at approximately $5,055,000. Simplicity Wealth LLC purchased a new stake in High Income Securities Fund in the 2nd quarter worth approximately $362,000. Gilman Hill Asset Management LLC boosted its stake in shares of High Income Securities Fund by 7.7% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the financial services provider’s stock valued at $245,000 after buying an additional 2,500 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of High Income Securities Fund by 2.4% during the 2nd quarter. Raymond James & Associates now owns 192,919 shares of the financial services provider’s stock valued at $1,349,000 after acquiring an additional 4,485 shares in the last quarter. 16.64% of the stock is owned by institutional investors and hedge funds.

High Income Securities Fund Company Profile

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.