November 17, 2016 - By Pete Kolinski · 0 Comments
Cohen & Steers Global Income Builder Inc (NYSE:INB) institutional sentiment decreased to 0.48 in Q2 2016. Its down -0.71, from 1.19 in 2016Q1. The ratio dropped, as 10 hedge funds increased or opened new equity positions, while 21 sold and trimmed holdings in Cohen & Steers Global Income Builder Inc. The hedge funds in our partner’s database now possess: 2.33 million shares, down from 2.36 million shares in 2016Q1. Also, the number of hedge funds holding Cohen & Steers Global Income Builder Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 12 Increased: 10 New Position: 0.
Cohen & Steers Global Income Builder, Inc. is a diversified, closed-end management investment company. The company has a market cap of $197.87 million. The Fund’s investment objective is total return with an emphasis on high current income. It currently has negative earnings. The Fund invests in various industry sectors, such as financial, technology, healthcare, industrials, real estate, consumer-non-cyclical, consumer-cyclical, energy, closed-end funds, materials, banks-foreign, consumer discretionary, consumer staples, pipelines, communications, telecommunication services, automotive, gas distribution, pipelines-C-Corp, railways, electric, banks, toll roads, insurance, water, airports, hotel, shipping, electric-integrated, insurance-foreign and marine ports.
The stock decreased 0.12% or $0.01 on November 16, hitting $8.5. Cohen and Steers Global Income Builder (NYSE:INB) has declined 2.86% since April 15, 2016 and is downtrending. It has underperformed by 7.48% the S&P500.
Doliver Capital Advisors Inc. holds 0.57% of its portfolio in Cohen and Steers Global Income Builder for 76,674 shares. Cornerstone Advisors Inc owns 158,042 shares or 0.34% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.12% invested in the company for 19,500 shares. The Massachusetts-based Clough Capital Partners L P has invested 0.04% in the stock. Wolverine Asset Management Llc, a Illinois-based fund reported 299,868 shares.#img1#
Cohen & Steers Global Income Builder, Inc. (the Fund), incorporated on April 10, 2007, is a non-diversified, closed-end management investment company. The Fundâ€™s investment objective is total return, with an emphasis on current income, including capital appreciation. The Fund seeks to invest at least 80% of its managed assets in dividend-paying common stocks and preferred stocks. It may invest without limitation in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts (such as American depositary receipts) that represent indirect interests in securities of foreign issuers. In addition, up to 25% of the Fundâ€™s managed assets may be invested in each of the real estate, utility and financial services industries. It may write (sell) covered call options on securities in its portfolio. The Fund also may write call options on broad United States, foreign and/or regional stock indexes. The Fundâ€™s investment manager is Cohen & Steers Capital Management, Inc.
More notable recent Cohen and Steers Global Income Builder (NYSE:INB) news were published by: Quotes.Wsj.com which released: “News Cohen & Steers MLP Income & Energy Opportunity Fund Inc.MIE” on February 14, 2011, also Prnewswire.com with their article: “Cohen & Steers Open-End and Closed-End Funds Announce Election of Director” published on February 02, 2015, Seekingalpha.com published: “A Diversified, High-Income, Lower-Risk CEF Portfolio For 2015” on January 01, 2015. More interesting news about Cohen and Steers Global Income Builder (NYSE:INB) were released by: Seekingalpha.com and their article: “Ho Ho Ho, Merry Brexit: CEFs On Sale” published on June 27, 2016 as well as Marketwatch.com‘s news article titled: “Cohen & Steers started at buy with $51 stock price target at Sidoti & Co.” with publication date: October 18, 2010.
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By Pete Kolinski