Insight Select Income Fund (NYSE:INSI) Shares Up 0.7%

Insight Select Income Fund (NYSE:INSI) shares shot up 0.7% on Tuesday . The company traded as high as $17.60 and last traded at $17.12. 5,470 shares traded hands during trading, a decline of 62% from the average session volume of 14,336 shares. The stock had previously closed at $17.00.

Insight Select Income Fund Trading Up 0.7 %

The stock’s 50 day moving average is $16.62 and its 200 day moving average is $16.25.

Insight Select Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.67%. The ex-dividend date was Wednesday, July 10th.

Hedge Funds Weigh In On Insight Select Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in Insight Select Income Fund by 13.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 26,632 shares of the company’s stock worth $439,000 after acquiring an additional 3,065 shares during the period. SeaBridge Investment Advisors LLC lifted its position in shares of Insight Select Income Fund by 3.2% during the second quarter. SeaBridge Investment Advisors LLC now owns 153,576 shares of the company’s stock worth $2,506,000 after purchasing an additional 4,723 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Insight Select Income Fund during the second quarter worth approximately $156,000. Riverbridge Partners LLC acquired a new position in Insight Select Income Fund in the first quarter valued at approximately $447,000. Finally, Karpus Management Inc. increased its stake in Insight Select Income Fund by 7.4% in the fourth quarter. Karpus Management Inc. now owns 531,853 shares of the company’s stock valued at $8,494,000 after purchasing an additional 36,835 shares in the last quarter. 49.32% of the stock is currently owned by hedge funds and other 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.