Insight Select Income Fund (NYSE:INSI) Stock Price Down 1.1% – Should You Sell?

Insight Select Income Fund (NYSE:INSI) traded down 1.1% during trading on Monday . The stock traded as low as $16.23 and last traded at $16.23. 251,522 shares were traded during mid-day trading, an increase of 784% from the average session volume of 28,443 shares. The stock had previously closed at $16.41.

Insight Select Income Fund Stock Performance

The business’s 50-day moving average is $16.27 and its two-hundred day moving average is $16.94.

Hedge Funds Weigh In On Insight Select Income Fund

Several institutional investors have recently made changes to their positions in the stock. Riverbridge Partners LLC grew its stake in Insight Select Income Fund by 3.5% during the 4th quarter. Riverbridge Partners LLC now owns 29,863 shares of the company’s stock worth $518,000 after buying an additional 1,021 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Insight Select Income Fund by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,294 shares of the company’s stock valued at $300,000 after acquiring an additional 1,085 shares during the period. LRI Investments LLC acquired a new position in shares of Insight Select Income Fund during the third quarter valued at $27,000. Aviance Capital Partners LLC grew its position in shares of Insight Select Income Fund by 12.0% during the fourth quarter. Aviance Capital Partners LLC now owns 17,644 shares of the company’s stock worth $306,000 after acquiring an additional 1,889 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Insight Select Income Fund by 12.2% in the 4th quarter. Baird Financial Group Inc. now owns 23,000 shares of the company’s stock worth $399,000 after acquiring an additional 2,500 shares during the period. 49.32% of the stock is owned by institutional investors.

About Insight Select Income Fund

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.