Central Securities Co. (NYSE:CET) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in shares of Central Securities Co. (NYSE:CET) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,863 shares of the company’s stock after selling 2,850 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.05% of Central Securities worth $679,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CET. Armstrong Advisory Group Inc. acquired a new stake in Central Securities during the 4th quarter worth approximately $25,000. Stolper Co purchased a new stake in shares of Central Securities in the 4th quarter valued at approximately $203,000. Commonwealth Equity Services LLC increased its position in shares of Central Securities by 14.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,780 shares of the company’s stock valued at $264,000 after purchasing an additional 751 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Central Securities by 4.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock valued at $294,000 after purchasing an additional 254 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its position in shares of Central Securities by 4.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock valued at $315,000 after purchasing an additional 286 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors and hedge funds.

Central Securities Price Performance

Shares of NYSE:CET opened at $45.37 on Monday. Central Securities Co. has a 52 week low of $40.24 and a 52 week high of $49.51. The company’s 50 day moving average is $44.09 and its two-hundred day moving average is $45.91.

Central Securities 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.