Insight Select Income Fund (NYSE:INSI) Trading Down 1.9% – Here’s What Happened

Insight Select Income Fund (NYSE:INSI) was down 1.9% during mid-day trading on Friday . The company traded as low as $16.67 and last traded at $16.67. Approximately 40,983 shares were traded during trading, an increase of 126% from the average daily volume of 18,155 shares. The stock had previously closed at $17.00.

Insight Select Income Fund Trading Down 1.9 %

The company has a 50 day moving average of $17.27 and a 200-day moving average of $16.99.

Insight Select Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Investors Weigh In On Insight Select Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LRI Investments LLC acquired a new position in Insight Select Income Fund during the third quarter worth about $27,000. Shaker Financial Services LLC purchased a new position in shares of Insight Select Income Fund in the second quarter valued at $935,000. Wolverine Asset Management LLC acquired a new position in shares of Insight Select Income Fund during the 2nd quarter worth $156,000. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Insight Select Income Fund by 3.2% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 153,576 shares of the company’s stock worth $2,506,000 after buying an additional 4,723 shares in the last quarter. 49.32% of the stock is owned by hedge funds and other institutional investors.

Insight Select Income Fund Company Profile

Insight Select Income Fund is a closed ended fixed income mutual fund launched and managed by Cutwater Asset Management Corp. The fund invests in the fixed income markets of the United States. It primarily invests in short-term and long-term debt securities. The fund invests in the securities rated within the highest four grades by Moody's or Standard & Poor's, obligations of the U.S.