Is Buying Madison Strategic Sector Premium (NYSE:MSP) Here Good Idea?

February 15, 2018 - By Henry Gaston

 Is Buying Madison Strategic Sector Premium (NYSE:MSP) Here Good Idea?

Investors sentiment increased to 1.6 in 2017 Q3. Its up 0.10, from 1.5 in 2017Q2. It increased, as 1 investors sold Madison Strategic Sector Premium Fund shares while 4 reduced holdings. 1 funds opened positions while 7 raised stakes. 2.56 million shares or 8.41% more from 2.36 million shares in 2017Q2 were reported.
Rivernorth Capital Management Llc holds 0.13% in Madison Strategic Sector Premium Fund (NYSE:MSP) or 138,335 shares. Thompson Siegel And Walmsley Lc holds 0% or 1,700 shares. Morgan Stanley has invested 0% of its portfolio in Madison Strategic Sector Premium Fund (NYSE:MSP). Karpus Mngmt Inc reported 1.40M shares. Royal Savings Bank Of Canada stated it has 113,736 shares or 0% of all its holdings. Citigroup Inc owns 14,299 shares. Pnc Finance Serv Group, a Pennsylvania-based fund reported 19,000 shares. Wells Fargo And Mn stated it has 0% of its portfolio in Madison Strategic Sector Premium Fund (NYSE:MSP). Financial Bank Of America De holds 0% of its portfolio in Madison Strategic Sector Premium Fund (NYSE:MSP) for 5,541 shares. Icon Advisers invested 0.15% in Madison Strategic Sector Premium Fund (NYSE:MSP). Sit Assoc stated it has 0.12% in Madison Strategic Sector Premium Fund (NYSE:MSP). Brinker Cap invested in 0.04% or 81,959 shares.

Since December 18, 2017, it had 2 insider buys, and 2 selling transactions for $225,256 activity. Struthers Richard E also bought $5,162 worth of Madison Strategic Sector Premium Fund (NYSE:MSP) on Monday, December 18. On Wednesday, January 17 Burgess Frank E sold $242,298 worth of Madison Strategic Sector Premium Fund (NYSE:MSP) or 20,327 shares.

The stock of Madison Strategic Sector Premium (NYSE:MSP) registered a decrease of 29.91% in short interest. MSP’s total short interest was 15,700 shares in February as published by FINRA. Its down 29.91% from 22,400 shares, reported previously. With 16,300 shares average volume, it will take short sellers 1 days to cover their MSP’s short positions.

The stock increased 0.52% or $0.06 during the last trading session, reaching $11.51. About 3,838 shares traded. Madison Strategic Sector Premium Fund (NYSE:MSP) has risen 6.45% since February 15, 2017 and is uptrending. It has underperformed by 10.25% 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 $66.74 million. It is managed by Madison Asset Management, LLC. It has a 13.34 P/E ratio. The fund invests in the public equity markets of the United States.

More recent Madison Strategic Sector Premium Fund (NYSE:MSP) news were published by: Prnewswire.com which released: “Karpus Investment Management Announces Its Opposition to the Proposed Merger …” on June 07, 2017. Also Marketwired.com published the news titled: “Madison Strategic Sector Premium Fund and Madison Covered Call & Equity …” on August 16, 2017. Prnewswire.com‘s news article titled: “Ancora Advisors Sends Letter to the Board of Madison Strategic Sector Premium …” with publication date: February 28, 2017 was also an interesting one.

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