Stock On Watch: Alliance California Municipal Income Fund (NYSE:AKP) Sentiment Up in Q2 2016

November 18, 2016 - By Ellis Scott   ·   0 Comments

Stock On Watch: Alliance California Municipal Income Fund (NYSE:AKP) Sentiment  Up in  Q2 2016

Sentiment for Alliance California Municipal Income Fund (NYSE:AKP)

Alliance California Municipal Income Fund (NYSE:AKP) institutional sentiment decreased to 1.17 in 2016 Q2. Its down -0.63, from 1.8 in 2016Q1. The ratio fall, as 9 active investment managers increased or opened new stock positions, while 5 cut down and sold their stock positions in Alliance California Municipal Income Fund. The active investment managers in our partner’s database now possess: 1.27 million shares, up from 1.26 million shares in 2016Q1. Also, the number of active investment managers holding Alliance California Municipal Income Fund in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 2 Increased: 9 New Position: 0.

Alliance California Municipal Income Fund, Inc. is a diversified, closed-end management investment company. The company has a market cap of $116.01 million. The Fund seeks to provide high current income exempt from regular federal and California state income tax by investing all of its net assets in municipal securities that are exempt from state taxes. It currently has negative earnings. It will invest over 80% of its net assets in municipal securities paying interest that is exempt from regular federal and California state income tax.

About 9,191 shares traded hands. Alliance California Municipal Income Fun (NYSE:AKP) has declined 9.19% since April 18, 2016 and is downtrending. It has underperformed by 13.62% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 0.24% of its portfolio in Alliance California Municipal Income Fun for 29,045 shares. Advisors Asset Management Inc. owns 422,820 shares or 0.11% of their US portfolio. Moreover, Tradewinds Capital Management Llc has 0.11% invested in the company for 10,000 shares. The New York-based Karpus Management Inc. has invested 0.07% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 181,157 shares.#img1#

AKP Company Profile

Alliance California Municipal Income Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide high current income exempt from regular federal and California income tax by investing substantially all or at least 80% of its net assets in municipal securities that are exempt from regular federal and California income taxes. Alliance California Municipal Income Fund, Inc.’s investment advisor is AllianceBernstein, L.P., formerly known as Alliance Capital Management L.P.

More notable recent Alliance California Municipal Income Fun (NYSE:AKP) news were published by: Nasdaq.com which released: “Alliance California Municipal Income Fund Inc (AKP) Ex-Dividend Date Scheduled …” on October 06, 2015, also Seekingalpha.com with their article: “Tax-Free Income For Those Who Need It Most: California Municipal Bond CEFs” published on October 15, 2015, Pionline.com published: “CalSTRS preps risk-mitigation portfolio” on April 16, 2016. More interesting news about Alliance California Municipal Income Fun (NYSE:AKP) were released by: Time.com and their article: “Meet the South African Politician Who’s Been Compared to Barack Obama—But …” published on July 28, 2016 as well as Patch.com‘s news article titled: “Health Alliance of Pasadena Announces Partnership with Library” with publication date: October 07, 2016.

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By Ellis Scott


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