Madison Strategic Sector Premium Fund Stock as Institutional Investors Exit

September 16, 2018 - By Joseph Norton

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

Madison Strategic Sector Premium Fund (NYSE:MSP) institutional sentiment decreased to 0.75 in Q2 2018. Its down -0.85, from 1.6 in 2018Q1. The ratio has worsened, as 6 investment managers increased and opened new holdings, while 8 trimmed and sold stakes in Madison Strategic Sector Premium Fund. The investment managers in our partner’s database reported: 2.28 million shares, up from 2.21 million shares in 2018Q1. Also, the number of investment managers holding Madison Strategic Sector Premium Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 6 Increased: 5 New Position: 1.

Madison Strategic Sector Premium Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. The company has market cap of $68.97 million. It is managed by Madison Asset Management, LLC. It has a 13.78 P/E ratio. The fund invests in the public equity markets of the United States.

The stock decreased 0.37% or $0.0447 during the last trading session, reaching $11.8953. About 7,598 shares traded. Madison Strategic Sector Premium Fund (NYSE:MSP) has risen 1.02% since September 16, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Karpus Management Inc. holds 0.85% of its portfolio in Madison Strategic Sector Premium Fund for 1.65 million shares. Brinker Capital Inc owns 184,013 shares or 0.08% of their US portfolio. Moreover, Icon Advisers Inc Co has 0.08% invested in the company for 85,522 shares. The Minnesota-based Ameriprise Financial Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 4,859 shares.

Another recent and important Madison Strategic Sector Premium Fund (NYSE:MSP) news was published by Globenewswire.com which published an article titled: “Madison Strategic Sector Premium Fund (MSP) and Madison Covered Call and Equity Strategy Fund (MCN) Declare …” on September 04, 2018.

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