November 15, 2016 - By Peter Erickson · 0 Comments
Western Asset Worldwide Income Fund Inc (NYSE:SBW) institutional sentiment decreased to 1.58 in Q2 2016. Its down -0.02, from 1.6 in 2016Q1. The ratio worsened, as 19 hedge funds started new and increased equity positions, while 12 sold and reduced their stock positions in Western Asset Worldwide Income Fund Inc. The hedge funds in our partner’s database now possess: 2.99 million shares, up from 2.97 million shares in 2016Q1. Also, the number of hedge funds holding Western Asset Worldwide Income Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 6 Increased: 12 New Position: 7.
Western Asset Worldwide Income Fund Inc. is a non-diversified, closed-end management investment fund. The company has a market cap of $134.47 million. The Fund’s investment objective is to maintain a high level of current income. It currently has negative earnings. The Fund seeks to maximize total return as its secondary objective.
About 148,235 shares traded hands or 98.37% up from the average. Western Asset Worldwide Income Fund Inc. (NYSE:SBW) has declined 1.91% since April 13, 2016 and is downtrending. It has underperformed by 5.83% the S&P500.
Rivernorth Capital Management Llc holds 0.28% of its portfolio in Western Asset Worldwide Income Fund Inc. for 400,773 shares. Saba Capital Management L.P. owns 283,780 shares or 0.28% of their US portfolio. Moreover, Sit Investment Associates Inc has 0.28% invested in the company for 957,463 shares. The Virginia-based Shaker Financial Services Llc has invested 0.25% in the stock. Financial & Investment Management Group Ltd, a Michigan-based fund reported 66,358 shares.#img1#
Western Asset Worldwide Income Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks to maintain a high level of current income by investing primarily in a portfolio of high-yield, non-United States and United States corporate debt securities. As a secondary objective, the Fund seeks capital appreciation. It also invests in emerging market instruments.
More notable recent Western Asset Worldwide Income Fund Inc. (NYSE:SBW) news were published by: Businesswire.com which released: “Western Asset Worldwide Income Fund Inc. Portfolio Composition as of September …” on October 30, 2015, also Businesswire.com with their article: “Western Asset Emerging Markets Income Fund Inc., Western Asset Worldwide …” published on February 16, 2016, Businesswire.com published: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor Adopt …” on November 16, 2015. More interesting news about Western Asset Worldwide Income Fund Inc. (NYSE:SBW) were released by: Businesswire.com and their article: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC …” published on July 22, 2015 as well as Streetinsider.com‘s news article titled: “Form 3 WESTERN ASSET GLOBAL For: Mar 31 Filed by: LEECH S. KENNETH” with publication date: September 16, 2016.
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By Peter Erickson