Institute for Wealth Management LLC. Invests $851,000 in Central Securities Corp. (CET) Stock
Institute for Wealth Management LLC. acquired a new position in shares of Central Securities Corp. (NYSE:CET) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,197 shares of the company’s stock, valued at approximately $851,000. Institute for Wealth Management LLC. owned 0.14% of Central Securities Corp. as of its most recent SEC filing.
Separately, Wells Fargo & Company MN increased its holdings in Central Securities Corp. by 31.7% during the 2nd quarter. Wells Fargo & Company MN now owns 13,676 shares of the company’s stock worth $341,000 after purchasing an additional 3,295 shares during the period.
Central Securities Corp. (CET) traded up 0.19% on Friday, reaching $25.85. The company’s stock had a trading volume of 4,893 shares. The company has a 50 day moving average of $25.03 and a 200 day moving average of $24.76. Central Securities Corp. has a 52 week low of $20.06 and a 52 week high of $25.99. The firm has a market capitalization of $641.34 million and a price-to-earnings ratio of 3.93.
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About Central Securities Corp.
Central Securities Corporation is a non-diversified, closed-end management investment company. The Company’s investment objective is long-term growth of capital and its approach is based on value investing. The Company invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.
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