November 17, 2016 - By Nellie Frank · 0 Comments
Morgan Stanley Income Securities Inc (NYSE:ICB) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -1.10, from 2 in 2016Q1. The ratio turned negative, as 9 funds increased or opened new positions, while 10 sold and decreased their equity positions in Morgan Stanley Income Securities Inc. The funds in our partner’s database now possess: 4.03 million shares, down from 4.32 million shares in 2016Q1. Also, the number of funds holding Morgan Stanley Income Securities Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 5 Reduced: 5 Increased: 6 New Position: 3.
Morgan Stanley Income Securities Inc. is a diversified, closed-end management investment company. The company has a market cap of $159.19 million. The Fund’s primary investment objective is to provide high level of current income for distribution to shareholders as is consistent with prudent investment risk and, as a secondary objective, capital appreciation. It currently has negative earnings. The Fund invests in corporate bonds, asset-backed securities, sovereign, variable rate senior loan interests, short-term investments, foreign currency forward exchange contracts, futures contracts, credit default swap agreements and interest rate swap agreements.
The stock increased 0.62% or $0.11 on November 16, hitting $17.74. Morgan Stanley Income Securities Inc. (NYSE:ICB) has declined 0.56% since April 15, 2016 and is downtrending. It has underperformed by 5.18% the S&P500.
Karpus Management Inc. holds 1.95% of its portfolio in Morgan Stanley Income Securities Inc. for 2.07 million shares. 1607 Capital Partners Llc owns 890,185 shares or 1.12% of their US portfolio. Moreover, Icon Advisers Inc Co has 0.29% invested in the company for 230,014 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.27% in the stock. Duncker Streett & Co Inc, a Missouri-based fund reported 25,133 shares.#img1#
Morgan Stanley Income Securities Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Company’s secondary objective is capital appreciation. The Company’s portfolio includes corporate bonds, the United States Government obligations, commercial mortgage-backed securities (CMBS), asset-backed securities, short-term investments, collateralized mortgage obligations and foreign government obligations.
Another recent and important Morgan Stanley Income Securities Inc. (NYSE:ICB) news was published by Bloomberg.com which published an article titled: “Morgan Stanley Beats Estimates on Surge in Bond Trading” on October 19, 2016.
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By Nellie Frank