Notable Ownership Action: Managed Duration Investment Grade Municipal Fund’s (NYSE:MZF) Sentiment is 1

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Notable Ownership Action: Managed Duration Investment Grade Municipal Fund's (NYSE:MZF) Sentiment is 1

Sentiment for Managed Duration Investment Grade Municipal Fund (NYSE:MZF)

Managed Duration Investment Grade Municipal Fund (NYSE:MZF) institutional sentiment increased to 1 in Q2 2016. Its up 0.12, from 0.88 in 2016Q1. The ratio increased, as 7 investment professionals opened new and increased equity positions, while 8 sold and reduced positions in Managed Duration Investment Grade Municipal Fund. The investment professionals in our partner’s database now hold: 2.21 million shares, up from 2.13 million shares in 2016Q1. Also, the number of investment professionals holding Managed Duration Investment Grade Municipal Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 4 Increased: 6 New Position: 1.

Managed Duration Investment Grade Municipal Fund is a diversified, closed-end management investment company. The company has a market cap of $87.33 million. The Fund’s investment objective is to provide its common shareholders with high current income exempt from regular federal income tax while seeking to protect the value of the Fund’s assets during periods of interest rate volatility. It currently has negative earnings. Under normal market conditions, the Fund seeks to achieve its objective by investing at least 80% of its total assets in municipal bonds of investment grade quality and will normally invest substantially all of its total assets in municipal bonds of investment-grade quality.

About 5,156 shares traded hands. Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) has declined 6.36% since April 18, 2016 and is downtrending. It has underperformed by 10.79% the S&P500.

Karpus Management Inc. holds 0.85% of its portfolio in Managed Duration Invtmt Grd Mun Fund for 1.12 million shares. Ashford Capital Management Inc owns 188,160 shares or 0.62% of their US portfolio. Moreover, Tradewinds Capital Management Llc has 0.35% invested in the company for 33,596 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.06% in the stock. Investors Capital Advisory Services, a Massachusetts-based fund reported 13,925 shares.#img1#

MZF Company Profile

MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide high current income exempt from regular federal income tax. It invests at least 80% of its total assets in investment-grade municipal securities, which are rated Baa or higher by Moody’s Investors Service, Inc., or rated BBB or higher by either Standard & Poor’s Ratings Group or Fitch, Inc., or unrated municipal securities considered by the Fund’s investment advisor to be of comparable quality.

More notable recent Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) news were published by: Businesswire.com which released: “Managed Duration Investment Grade Municipal Fund Announces Results of Annual …” on November 18, 2016, also Seekingalpha.com with their article: “Managed Duration Investment Grade Muni CEF: ~10% Tax-Equivalent Yield, 9 …” published on March 04, 2014, Marketwatch.com published: “Managed Duration Investment Grade Municipal Fund” on June 05, 2009. More interesting news about Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) were released by: Globenewswire.com and their article: “Guggenheim Investments Announces November 2015 Closed-End Fund Distributions” published on November 02, 2015 as well as Seekingalpha.com‘s news article titled: “23.44% Leveraged, Municipal Bond Fund: Guggenheim Build America” with publication date: April 25, 2016.

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By Hazel Jackson


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