Wells Fargo & Company MN Acquires 10,766 Shares of Source Capital, Inc. (NYSE:SOR)

Wells Fargo & Company MN increased its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,499 shares of the financial services provider’s stock after buying an additional 10,766 shares during the period. Wells Fargo & Company MN owned 1.32% of Source Capital worth $4,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Source Capital by 17.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,544 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,109 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Source Capital by 1.8% in the 2nd quarter. First Trust Advisors LP now owns 63,095 shares of the financial services provider’s stock valued at $2,307,000 after purchasing an additional 1,136 shares during the period. AMI Investment Management Inc. raised its stake in shares of Source Capital by 13.4% in the 2nd quarter. AMI Investment Management Inc. now owns 42,223 shares of the financial services provider’s stock valued at $1,544,000 after purchasing an additional 4,990 shares during the period. Doliver Advisors LP acquired a new stake in shares of Source Capital in the 2nd quarter valued at about $201,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Source Capital by 11.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,656 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 1,681 shares during the period. 17.27% of the stock is owned by institutional investors and hedge funds.

SOR traded up $0.15 during trading hours on Friday, hitting $37.00. 1,846 shares of the company’s stock were exchanged, compared to its average volume of 33,191. Source Capital, Inc. has a 1-year low of $30.01 and a 1-year high of $40.73. The stock’s 50-day moving average is $35.91 and its two-hundred day moving average is $36.24.



Source Capital Company Profile

Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.

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Institutional Ownership by Quarter for Source Capital (NYSE:SOR)

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