High Income Securities Fund (NYSE:PCF – Get Free Report) declared a monthly dividend on Monday, September 28th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.0580 per share by the financial services provider on Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Tuesday, November 17th.
High Income Securities Fund Price Performance
PCF opened at $5.19 on Tuesday. The stock has a fifty day moving average price of $5.39 and a 200 day moving average price of $5.51. High Income Securities Fund has a 1 year low of $5.13 and a 1 year high of $6.40.
Institutional Trading of High Income Securities Fund
Several large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC boosted its holdings in High Income Securities Fund by 95.1% during the first quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 50,003 shares during the period. Saba Capital Management L.P. acquired a new stake in shares of High Income Securities Fund in the first quarter valued at about $983,000. Lido Advisors LLC bought a new position in shares of High Income Securities Fund in the first quarter worth about $66,000. Bulldog Investors LLP increased its stake in shares of High Income Securities Fund by 30.4% in the first quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 3,256 shares during the period. Finally, Live Oak Private Wealth LLC acquired a new position in shares of High Income Securities Fund during the 1st quarter worth about $97,000. 16.64% of the stock is owned by institutional investors.
About High Income Securities Fund
High Income Securities Fund (NYSE: PCF) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
The fund invests in a portfolio of income-producing securities, including corporate debt, high-yield bonds, loans, preferred stocks and other fixed-income or equity investments. Its portfolio may include securities issued by companies in a range of industries and may provide exposure to both U.S.
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