Insight Select Income Fund (NYSE:INSI) Trading 0.2% Higher

Insight Select Income Fund (NYSE:INSI)’s share price traded up 0.2% on Friday . The stock traded as high as $16.55 and last traded at $16.41. 10,537 shares changed hands during trading, a decline of 35% from the average session volume of 16,268 shares. The stock had previously closed at $16.38.

Insight Select Income Fund Stock Performance

The firm has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $16.05.

Insight Select Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.80 annualized dividend and a dividend yield of 4.88%.

Hedge Funds Weigh In On Insight Select Income Fund

Several large investors have recently modified their holdings of INSI. Atlantic Union Bankshares Corp grew its position in Insight Select Income Fund by 13.0% in the first quarter. Atlantic Union Bankshares Corp now owns 26,632 shares of the company’s stock worth $439,000 after buying an additional 3,065 shares during the last quarter. Riverbridge Partners LLC acquired a new stake in shares of Insight Select Income Fund during the 1st quarter valued at $447,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Insight Select Income Fund by 0.9% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 141,694 shares of the company’s stock valued at $2,263,000 after buying an additional 1,323 shares during the period. Karpus Management Inc. boosted its stake in shares of Insight Select Income Fund by 7.4% during the 4th quarter. Karpus Management Inc. now owns 531,853 shares of the company’s stock valued at $8,494,000 after buying an additional 36,835 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Insight Select Income Fund by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 610,726 shares of the company’s stock valued at $9,753,000 after buying an additional 93,844 shares during the period. Institutional investors 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.