Central Securities Co. (NYSE:CET) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its stake in shares of Central Securities Co. (NYSE:CET) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,782 shares of the company’s stock after selling 7,961 shares during the period. Institute for Wealth Management LLC. owned about 0.07% of Central Securities worth $747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CET. NBC Securities Inc. bought a new position in shares of Central Securities during the third quarter worth about $57,000. Quad Cities Investment Group LLC lifted its holdings in 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 buying an additional 268 shares during the last quarter. Accel Wealth Management grew its position 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 worth $300,000 after acquiring an additional 341 shares in the last quarter. Advisor Partners II LLC bought 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. raised its position in shares of Central Securities by 15.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company’s stock valued at $408,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors own 8.68% of the company’s stock.

Central Securities Trading Down 0.2 %

Shares of CET opened at $40.11 on Friday. Central Securities Co. has a 12-month low of $33.85 and a 12-month high of $41.99. The stock’s fifty day moving average price is $40.02.

About Central Securities

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.