High Income Securities Fund (NYSE:PCF – Get Free Report) was up 0.4% on Wednesday. The company traded as high as $5.11 and last traded at $5.08. Approximately 103,236 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 67,226 shares. The stock had previously closed at $5.06.
High Income Securities Fund Stock Up 0.4%
The business’s fifty day moving average is $5.21 and its two-hundred day moving average is $5.54.
High Income Securities Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd will be given a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Tuesday, December 22nd.
Institutional Investors Weigh In On High Income Securities Fund
Hedge funds have recently made changes to their positions in the business. Lido Advisors LLC purchased a new stake in High Income Securities Fund in the 1st quarter valued at approximately $66,000. Bulldog Investors LLP lifted its position in shares of High Income Securities Fund by 30.4% during the 1st quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 3,256 shares during the period. Tactive Advisors LLC lifted its position in shares of High Income Securities Fund by 24.8% during the 3rd quarter. Tactive Advisors LLC now owns 26,489 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 5,263 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of High Income Securities Fund during the 3rd quarter worth approximately $150,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in High Income Securities Fund in the 3rd quarter valued at approximately $371,000. Institutional investors and hedge funds own 16.64% of the company’s stock.
About High Income Securities Fund
High Income Securities Fund is a non-diversified closed-end management investment company listed on the New York Stock Exchange under the symbol PCF. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
The fund invests primarily in income-producing securities, which may include high-yield corporate debt, preferred stocks, convertible securities, common stocks and other fixed-income or equity investments. Its portfolio may also include investments in closed-end funds, business development companies and other publicly traded securities, allowing the fund to pursue income and value-oriented opportunities across multiple asset classes.
The fund was formerly known as Putnam High Income Securities Fund and adopted its current name after its investment management structure changed.
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