Institute for Wealth Management LLC. Has $747,000 Stock Holdings in Central Securities Co. (NYSE:CET)

Institute for Wealth Management LLC. lowered its stake in Central Securities Co. (NYSE:CET) by 28.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,782 shares of the company’s stock after selling 7,961 shares during the period. Institute for Wealth Management LLC.’s holdings in Central Securities were worth $747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NBC Securities Inc. bought a new position in Central Securities in the third quarter valued at approximately $57,000. Quad Cities Investment Group LLC raised its stake in shares of Central Securities by 3.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company’s stock worth $281,000 after purchasing an additional 268 shares in the last quarter. Accel Wealth Management boosted its holdings in shares of Central Securities by 4.5% in the 4th quarter. Accel Wealth Management now owns 7,931 shares of the company’s stock valued at $300,000 after buying an additional 341 shares during the last quarter. Advisor Partners II LLC acquired a new stake in shares of Central Securities in the 3rd quarter valued at approximately $391,000. Finally, City of London Investment Management Co. Ltd. grew its stake in shares of Central Securities by 15.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company’s stock valued at $408,000 after buying an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Stock Performance

Shares of CET opened at $40.11 on Friday. The stock’s fifty day moving average price is $40.02. Central Securities Co. has a 1-year low of $33.85 and a 1-year high of $41.99.

Central Securities Company Profile

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.