Insight Select Income Fund (NYSE:INSI) Shares Up 0.6%

Insight Select Income Fund (NYSE:INSI) shares were up 0.6% during trading on Monday . The stock traded as high as $16.35 and last traded at $16.32. Approximately 15,671 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 19,666 shares. The stock had previously closed at $16.22.

Insight Select Income Fund Price Performance

The firm has a fifty day simple moving average of $16.04 and a 200 day simple moving average of $15.65.

Insight Select Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Tuesday, April 2nd.

Institutional Trading of Insight Select Income Fund

A number of institutional investors have recently made changes to their positions in INSI. Wolverine Asset Management LLC lifted its position in Insight Select Income Fund by 4,349.0% during the third quarter. Wolverine Asset Management LLC now owns 4,449 shares of the company’s stock worth $67,000 after buying an additional 4,349 shares in the last quarter. Dakota Wealth Management purchased a new position in Insight Select Income Fund during the third quarter worth approximately $178,000. Aviance Capital Partners LLC purchased a new position in Insight Select Income Fund during the third quarter worth approximately $336,000. Atlantic Union Bankshares Corp lifted its position in Insight Select Income Fund by 13.0% during 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 in the last quarter. Finally, AQR Arbitrage LLC lifted its position in Insight Select Income Fund by 10.8% during the third quarter. AQR Arbitrage LLC now owns 40,450 shares of the company’s stock worth $608,000 after buying an additional 3,932 shares in the last quarter. 49.32% of the stock is owned by institutional investors and hedge funds.

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.