High Income Securities Fund (NYSE:PCF – Get Free Report) declared a monthly dividend on Thursday, October 2nd. Shareholders of record on Tuesday, November 18th will be given a dividend of 0.0593 per share by the financial services provider on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Tuesday, November 18th.
High Income Securities Fund Price Performance
PCF opened at $6.28 on Friday. High Income Securities Fund has a 12-month low of $5.73 and a 12-month high of $6.89. The stock’s 50-day moving average price is $6.32 and its 200 day moving average price is $6.35.
Institutional Investors Weigh In On High Income Securities Fund
A number of hedge funds have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in shares of High Income Securities Fund by 897.8% during the 1st quarter. Harbour Investments Inc. now owns 49,621 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 44,648 shares during the last quarter. Samalin Investment Counsel LLC acquired a new stake in shares of High Income Securities Fund during the first quarter worth about $167,000. Baird Financial Group Inc. purchased a new position in shares of High Income Securities Fund in the 1st quarter valued at approximately $183,000. Advisors Asset Management Inc. purchased a new position in High Income Securities Fund in the 1st quarter valued at $776,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of High Income Securities Fund during the first quarter worth about $111,000. Institutional investors and hedge funds own 16.64% of the company’s stock.
About High Income Securities Fund
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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