Shares of Insight Select Income Fund (NYSE:INSI – Get Free Report) were down 1.1% on Monday . The company traded as low as $16.23 and last traded at $16.23. Approximately 251,522 shares changed hands during mid-day trading, an increase of 784% from the average daily volume of 28,443 shares. The stock had previously closed at $16.41.
Insight Select Income Fund Price Performance
The company’s 50-day moving average is $16.29 and its two-hundred day moving average is $16.95.
Institutional Investors Weigh In On Insight Select Income Fund
A number of hedge funds have recently made changes to their positions in INSI. LRI Investments LLC bought a new stake in Insight Select Income Fund during the 3rd quarter valued at $27,000. Wells Fargo & Company MN increased its holdings in shares of Insight Select Income Fund by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,294 shares of the company’s stock valued at $300,000 after purchasing an additional 1,085 shares during the period. Aviance Capital Partners LLC raised its stake in shares of Insight Select Income Fund by 12.0% during the fourth quarter. Aviance Capital Partners LLC now owns 17,644 shares of the company’s stock valued at $306,000 after purchasing an additional 1,889 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Insight Select Income Fund by 12.2% in the fourth quarter. Baird Financial Group Inc. now owns 23,000 shares of the company’s stock worth $399,000 after purchasing an additional 2,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Insight Select Income Fund in the 4th quarter valued at about $463,000. Institutional investors own 49.32% of the company’s stock.
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.
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