Invesco Ltd. increased its position in shares of CUSHING RENAISS/COM (NYSE:SZC) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,363 shares of the investment management company’s stock after purchasing an additional 1,285 shares during the period. Invesco Ltd.’s holdings in CUSHING RENAISS/COM were worth $1,697,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA purchased a new stake in shares of CUSHING RENAISS/COM in the second quarter valued at about $1,246,000. Landscape Capital Management L.L.C. purchased a new stake in shares of CUSHING RENAISS/COM in the second quarter valued at about $148,000. 6 Meridian purchased a new stake in shares of CUSHING RENAISS/COM in the second quarter valued at about $176,000. Finally, Weiss Asset Management LP purchased a new stake in shares of CUSHING RENAISS/COM in the second quarter valued at about $1,308,000.
Shares of CUSHING RENAISS/COM stock traded down $0.15 on Friday, reaching $13.57. 67,398 shares of the stock were exchanged, compared to its average volume of 59,705. CUSHING RENAISS/COM has a 1-year low of $12.61 and a 1-year high of $17.60. The business has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $14.04.
The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 12.11%.
CUSHING RENAISS/COM Profile
The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.
Featured Article: Margin
Receive News & Ratings for CUSHING RENAISS/COM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUSHING RENAISS/COM and related companies with MarketBeat.com's FREE daily email newsletter.