Stock On Watch: Madison Strategic Sector Premium Fund (NYSE:MSP): Institutional Investor Sentiment Up to 1.25

November 17, 2016 - By Peter Erickson   ·   0 Comments

Stock On Watch: Madison Strategic Sector Premium Fund (NYSE:MSP): Institutional Investor Sentiment Up to 1.25

Sentiment for Madison Strategic Sector Premium Fund (NYSE:MSP)

Madison Strategic Sector Premium Fund (NYSE:MSP) institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.14, from 1.11 in 2016Q1. The ratio improved, as 10 funds started new or increased holdings, while 8 reduced and sold their positions in Madison Strategic Sector Premium Fund. The funds in our partner’s database reported: 1.89 million shares, up from 1.78 million shares in 2016Q1. Also, the number of funds holding Madison Strategic Sector Premium Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 5 Increased: 7 New Position: 3.

Madison Strategic Sector Premium Fund is a diversified, closed-end management investment company. The company has a market cap of $68.01 million. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. It currently has negative earnings. The Fund focuses on pursuing its investment objectives by investing primarily in large and mid-capitalization common stocks.

It is down 4.73% since April 15, 2016 and is uptrending. It has outperformed by 0.10% the S&P500.

Karpus Management Inc. holds 0.46% of its portfolio in Madison Strategic Sector Premium Fund for 787,341 shares. Ancora Advisors Llc owns 185,243 shares or 0.25% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.12% invested in the company for 165,767 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.06% in the stock. Saba Capital Management L.P., a New York-based fund reported 31,417 shares.#img1#

MSP Company Profile

Madison Strategic Sector Premium Fund (MSP) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a current income and current gains, with a secondary objective of long-term capital appreciation. The Fund invests in a portfolio consisting primarily of common stocks of large and mid-capitalization issuers.

More notable recent Madison Strategic Sector Premium Fund (NYSE:MSP) news were published by: Marketwired.com which released: “Madison Strategic Sector Premium Fund Board Considers Shareholder Proposal” on November 15, 2016, also Marketwired.com with their article: “Madison Strategic Sector Premium Fund Corrects Announcement of Voting Results …” published on September 23, 2016, Seekingalpha.com published: “MSP: A Low-Volatility Sector Closed-End Fund Using The GARP Approach” on May 26, 2015. More interesting news about Madison Strategic Sector Premium Fund (NYSE:MSP) were released by: Seekingalpha.com and their article: “In Search Of Income: Covered Call CEFs (Part I – Sector Analysis)” published on January 06, 2015 as well as Seekingalpha.com‘s news article titled: “In Search Of Income: Covered Call CEFs (Part II – Specific Funds)” with publication date: January 07, 2015.

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By Peter Erickson


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