Confluence Wealth Services Inc. Cuts Stock Holdings in Central Securities Co. (NYSE:CET)

Confluence Wealth Services Inc. reduced its stake in Central Securities Co. (NYSE:CET) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,989 shares of the company’s stock after selling 347 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Central Securities were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CET. Shaker Financial Services LLC raised its position in shares of Central Securities by 1.4% during the 4th quarter. Shaker Financial Services LLC now owns 210,770 shares of the company’s stock valued at $7,961,000 after buying an additional 2,884 shares in the last quarter. City of London Investment Management Co. Ltd. raised its position in Central Securities by 6.3% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 12,224 shares of the company’s stock valued at $462,000 after purchasing an additional 724 shares in the last quarter. S&CO Inc. lifted its stake in Central Securities by 4.5% during the fourth quarter. S&CO Inc. now owns 19,588 shares of the company’s stock worth $739,000 after purchasing an additional 837 shares during the last quarter. Bulldog Investors LLP boosted its holdings in shares of Central Securities by 2.3% in the 4th quarter. Bulldog Investors LLP now owns 249,645 shares of the company’s stock worth $9,429,000 after purchasing an additional 5,562 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of Central Securities during the 1st quarter valued at about $35,000. 8.68% of the stock is currently owned by institutional investors.

Central Securities Price Performance

Shares of NYSE CET opened at $44.63 on Monday. The stock’s 50-day moving average is $43.85 and its 200 day moving average is $42.17. Central Securities Co. has a 1-year low of $34.58 and a 1-year high of $44.90.

Central Securities Profile

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.