Insight Select Income Fund (NYSE:INSI) Shares Down 1.9% – Time to Sell?

Insight Select Income Fund (NYSE:INSI)’s stock price fell 1.9% during trading on Friday . The stock traded as low as $16.67 and last traded at $16.67. 40,983 shares were traded during trading, an increase of 126% from the average session volume of 18,155 shares. The stock had previously closed at $17.00.

Insight Select Income Fund Price Performance

The firm has a fifty day moving average of $17.27 and a 200-day moving average of $16.99.

Insight Select Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.80 annualized dividend and a dividend yield of 4.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC lifted its holdings in shares of Insight Select Income Fund by 3.2% in the second quarter. SeaBridge Investment Advisors LLC now owns 153,576 shares of the company’s stock valued at $2,506,000 after buying an additional 4,723 shares during the period. Shaker Financial Services LLC acquired a new stake in Insight Select Income Fund in the 2nd quarter valued at about $935,000. Wolverine Asset Management LLC acquired a new stake in Insight Select Income Fund in the 2nd quarter valued at about $156,000. Finally, LRI Investments LLC bought a new position in shares of Insight Select Income Fund during the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 49.32% of the company’s stock.

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.