Invesco Ltd. Has $1.09 Million Holdings in Source Capital, Inc. (NYSE:SOR)

Invesco Ltd. raised its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 40.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,944 shares of the financial services provider’s stock after acquiring an additional 7,198 shares during the quarter. Invesco Ltd. owned approximately 0.30% of Source Capital worth $1,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC increased its position in Source Capital by 3.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider’s stock worth $712,000 after buying an additional 511 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in shares of Source Capital by 0.8% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider’s stock valued at $3,352,000 after purchasing an additional 630 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Source Capital by 6.7% during the fourth quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider’s stock worth $757,000 after buying an additional 1,092 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Source Capital in the 4th quarter worth about $206,000. Finally, D.A. Davidson & CO. raised its holdings in Source Capital by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 157,030 shares of the financial services provider’s stock valued at $6,829,000 after buying an additional 5,342 shares during the last quarter. 13.15% of the stock is currently owned by institutional investors and hedge funds.

Source Capital Stock Up 1.1 %

NYSE:SOR opened at $41.58 on Friday. The firm’s fifty day moving average is $41.34 and its 200-day moving average is $42.95. Source Capital, Inc. has a 52 week low of $38.66 and a 52 week high of $47.91.

Source Capital Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.2083 per share. The ex-dividend date is Thursday, May 15th. This represents a yield of 6%.

Source Capital Company Profile

Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.