Insight Select Income Fund (NYSE:INSI) Stock Price Up 0.6%

Shares of Insight Select Income Fund (NYSE:INSI) traded up 0.6% on Monday . The company traded as high as $16.35 and last traded at $16.32. 15,671 shares were traded during trading, a decline of 20% from the average session volume of 19,666 shares. The stock had previously closed at $16.22.

Insight Select Income Fund Stock Performance

The business’s fifty day moving average price is $16.01 and its 200 day moving average price is $15.64.

Insight Select Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 4.90%.

Institutional Investors Weigh In On Insight Select Income Fund

A number of hedge funds have recently added to or reduced their stakes in INSI. Karpus Management Inc. increased its position in Insight Select Income Fund by 54.2% in the 3rd quarter. Karpus Management Inc. now owns 495,018 shares of the company’s stock valued at $7,440,000 after buying an additional 174,018 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Insight Select Income Fund by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 610,726 shares of the company’s stock valued at $9,753,000 after acquiring an additional 93,844 shares during the period. Aviance Capital Partners LLC bought a new stake in shares of Insight Select Income Fund during the third quarter valued at approximately $336,000. Dakota Wealth Management acquired a new position in shares of Insight Select Income Fund during the third quarter worth approximately $178,000. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Insight Select Income Fund by 6.0% during the third quarter. SeaBridge Investment Advisors LLC now owns 140,371 shares of the company’s stock worth $2,110,000 after purchasing an additional 7,956 shares during the period. 49.32% of the stock is currently owned by 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.