Insight Select Income Fund (NYSE:INSI) Shares Down 0.2% – Time to Sell?

Insight Select Income Fund (NYSE:INSI) dropped 0.2% during mid-day trading on Monday . The company traded as low as $17.05 and last traded at $17.08. Approximately 17,169 shares traded hands during trading, a decline of 36% from the average daily volume of 26,809 shares. The stock had previously closed at $17.11.

Insight Select Income Fund Trading Down 0.2 %

The company’s 50-day moving average is $17.21 and its 200 day moving average is $17.10.

Insight Select Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.68%.

Institutional Trading of Insight Select Income Fund

An institutional investor recently bought a new position in Insight Select Income Fund stock. LRI Investments LLC purchased a new stake in Insight Select Income Fund (NYSE:INSI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,588 shares of the company’s stock, valued at approximately $27,000. 49.32% of the stock is currently owned by hedge funds and other institutional investors.

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.