The Cutwater Select Income Fund (INSI) has reached a new 52-week high, with its price soaring to $16.86. This milestone marks a significant achievement for the fund, reflecting a robust performance over the past year. The 52-week high data underscores the fund's upward trajectory, demonstrating its resilience in the face of market volatility. Over the past year, INSI has seen a substantial change, with a 5.15% increase in value. This positive shift indicates a strong performance and suggests a promising outlook for the fund moving forward.
InvestingPro Insights
The recent surge in the Cutwater Select Income Fund (INSI) to a new 52-week high of $16.86 is a testament to its consistent performance, as highlighted by a noteworthy 9.69% one-year price total return. This performance is further supported by the fund's solid fundamentals, with a market capitalization of $177.2 million and a P/E ratio standing at 17.95, reflecting investor confidence in the fund's earning potential.
Investors may find comfort in INSI's historical commitment to shareholder returns, as evidenced by the fund's 53-year streak of maintained dividend payments, coupled with a current dividend yield of 4.84%. Additionally, the fund's financial health is underpinned by the fact that its liquid assets surpass short-term obligations, which can be a reassuring sign for investors seeking stability.
For those looking to delve deeper into INSI's financials and strategic positioning, there are additional InvestingPro Tips available, offering insights such as the fund's low price volatility and valuation implications regarding free cash flow yield. Subscribers can access these tips and more by visiting https://www.investing.com/pro/INSI. Furthermore, for a limited time, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, unlocking a wealth of investment knowledge and data-driven strategies. With several more tips available on InvestingPro, investors have the opportunity to make well-informed decisions guided by expert analysis.
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