Madison Strategic Sector Premium Fund Bearish Trade. Burgess Frank E decreased Its Position

May 17, 2018 - By reb123z

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.60, from 1.6 in 2017Q3. It dived, as 2 investors sold Madison Strategic Sector Premium Fund shares while 5 reduced holdings. 2 funds opened positions while 5 raised stakes. 2.15 million shares or 16.18% less from 2.56 million shares in 2017Q3 were reported.

Brinker Capital Inc accumulated 79,418 shares. Shaker Services Ltd Limited Liability Company holds 12,647 shares. Karpus Mngmt holds 1.36 million shares or 0.74% of its portfolio. Moreover, Morgan Stanley has 0% invested in Madison Strategic Sector Premium Fund (NYSE:MSP) for 93,376 shares. Sei Invs reported 91 shares or 0% of all its holdings. Icon Advisers reported 181,123 shares. Pnc Fincl Services Grp invested in 21,000 shares or 0% of the stock. Wells Fargo & Com Mn stated it has 0% in Madison Strategic Sector Premium Fund (NYSE:MSP). Citigroup stated it has 0% in Madison Strategic Sector Premium Fund (NYSE:MSP). Rivernorth Cap Lc reported 203,018 shares or 0.17% of all its holdings. Bancshares Of America Corporation De accumulated 5,933 shares or 0% of the stock. Moreover, Royal Bankshares Of Canada has 0% invested in Madison Strategic Sector Premium Fund (NYSE:MSP).

Since December 18, 2017, it had 2 insider buys, and 2 selling transactions for $225,256 activity. $242,298 worth of stock was sold by Burgess Frank E on Wednesday, January 17. $5,162 worth of stock was bought by Struthers Richard E on Monday, December 18.

Burgess Frank E Reported reduced Stake in Madison Strategic Sector Premium Fund

Burgess Frank E filed with SEC a SC 13D/A form for Madison Strategic Sector Premium Fund. It can be found at: 000129806618000004. As reported by Burgess Frank E, the filler decreased its stake in the stock by -6.91 % for 447,466 shares. Burgess Frank E currently owns 7.7% of the Finance- stock. Date of activity: May 16, 2018.

Reasons Why Burgess Frank E Holds Madison Strategic Sector Premium Fund

Item 4.Purpose of Transaction

The reporting person acquired the Shares for investment purposes. The reporting person initially intended to acquire 400,000 Shares on November 10, 2017. For various unrelated reasons, he purchased more than his targeted amount at that time. He is now looking for opportunities to trade shares to attain his target level, including the 9,000 shares sold on May 16

th

(as described in Item 5(c) below).

The reporting person is the founder, majority owner and Chairman of the Board of MIH. Until August 2017, the reporting person also served as a member of the Board of Trustees of the Issuer. From 2005 to 2015, the reporting person served as the Issuer’s co-portfolio manager. While the reporting person is no longer involved in the day-to-day operations of the Issuer, he has engaged, and may engage in the future, in communications with one or more officers, trustees, or other representatives of the Issuer, as well as certain shareholders of the Issuer, regarding the Issuer, including but not limited to, ways in which the Issuer can improve performance and corporate governance and maximize shareholder value. The reporting person may discuss ideas that, if effected, may result in changes in the Board of Trustees or management of the Issuer and/or other strategic alternatives.

Although the reporting person does not have any specific plan or proposal to acquire additional Shares or dispose of the Shares he holds (other than as described above), he may, at any time and from time to time, acquire additional Shares or dispose of any or all of the Shares he holds, depending upon a number of factors, including his ongoing evaluation of the merits of the investment in Shares, prevailing market conditions, other investment opportunities, and liquidity needs.

Page 3

Except as set forth above, the reporting person does not have any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule13D. The reporting person may, at any time and from time to time, review or reconsider his position and/or change his purpose and/or formulate plans or proposals with respect thereto.

Madison Strategic Sector Premium Fund Institutional Sentiment

Filings show 12 investors own Madison Strategic Sector Premium Fund. The ownership in Q3 2017 is low, at Infinity of the outstanding shares. This is increased by 198862. 2562729 were owned by these investors. 1 funds opened new Madison Strategic Sector Premium Fund stakes, 7 increased positions. There were 1 that closed positions and 4 reduced them.

Brinker Capital Inc is an investor bullish on Madison Strategic Sector Premium Fund, owning 81959 shares as of Q3 2017 for 0.04% of its portfolio. Sit Investment Associates Inc owns 397545 shares or 0.12% of its portfolio. IL Rivernorth Capital Management Llc have 0.13% of its portfolio for 138335 shares. Further, Icon Advisers Inc reported stake worth 0.15% of its portfolio. The NY Karpus Management Inc owns 1395676 shares. Madison Strategic Sector Premium Fund is 0.86% of its portfolio.

SEC Form 13D.

The stock increased 0.85% or $0.1002 during the last trading session, reaching $11.9302. About 3,047 shares traded. Madison Strategic Sector Premium Fund (NYSE:MSP) has declined 5.71% since May 17, 2017 and is downtrending. It has underperformed by 17.26% the S&P500.

Madison Strategic Sector Premium Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. The company has market cap of $69.18 million. It is managed by Madison Asset Management, LLC. It has a 13.82 P/E ratio. The fund invests in the public equity markets of the United States.

Another recent and important Madison Strategic Sector Premium Fund (NYSE:MSP) news was published by Streetinsider.com which published an article titled: “Form 497 NEW ALTERNATIVES FUND” on May 11, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.