Market News

First Tr Enhanced Eqty Fd (FFA) Market Value Rose While Karpus Management Lowered by $4.85 Million Its Holding; Rockland Trust Co Position in Verizon Communications (VZ) Upped by $458,983 as Stock Price Declined

Karpus Management Inc decreased its stake in First Tr Enhanced Eqty Inc Fd (FFA) by 44.56% based on its latest 2017Q3 regulatory filing with the SEC. Karpus Management Inc sold 323,621 shares as the company’s stock rose 3.24% with the market. The institutional investor held 402,683 shares of the company at the end of 2017Q3, valued at $6.06 million, down from 726,304 at the end of the previous reported quarter. Karpus Management Inc who had been investing in First Tr Enhanced Eqty Inc Fd for a number of months, seems to be less bullish one the $296.20M market cap company. The stock decreased 1.13% or $0.17 during the last trading session, reaching $14.83. About 60,618 shares traded. First Trust Enhanced Equity Income Fund (NYSE:FFA) has risen 19.38% since February 11, 2017 and is uptrending. It has outperformed by 2.68% the S&P500.

Rockland Trust Co increased its stake in Verizon Communications (VZ) by 2.58% based on its latest 2017Q3 regulatory filing with the SEC. Rockland Trust Co bought 9,367 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 373,062 shares of the telecommunications equipment company at the end of 2017Q3, valued at $18.46 million, up from 363,695 at the end of the previous reported quarter. Rockland Trust Co who had been investing in Verizon Communications for a number of months, seems to be bullish on the $203.46B market cap company. The stock increased 1.71% or $0.84 during the last trading session, reaching $49.88. About 27.71 million shares traded or 56.04% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 11, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Since August 28, 2017, it had 0 insider purchases, and 3 sales for $89,365 activity.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Nomura maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, January 24. Nomura has “Buy” rating and $63 target. The firm has “Buy” rating given on Tuesday, February 21 by Moffett Nathanson. The firm earned “Hold” rating on Thursday, August 10 by Oppenheimer. The stock has “Hold” rating by Cowen & Co on Monday, September 18. Drexel Hamilton upgraded Verizon Communications Inc. (NYSE:VZ) on Monday, October 24 to “Buy” rating. Nomura initiated it with “Neutral” rating and $47 target in Friday, October 16 report. The firm has “Outperform” rating by FBR Capital given on Wednesday, October 21. The firm has “Neutral” rating by Macquarie Research given on Tuesday, April 5. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 21. Citigroup has “Neutral” rating and $49 target. Scotia Capital upgraded Verizon Communications Inc. (NYSE:VZ) on Monday, January 22 to “Buy” rating.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Neumann Capital Mgmt Limited Liability holds 1.3% or 42,472 shares. 4,037 were reported by Jnba. Van Strum Towne has 24,215 shares. Aull And Monroe Investment Corp has 1.89% invested in Verizon Communications Inc. (NYSE:VZ) for 74,000 shares. Verity Asset accumulated 6,210 shares or 0.23% of the stock. Dorsey And Whitney Trust Limited Liability Corp invested 0.45% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Palisade Capital Management Ltd Liability Nj holds 51,100 shares or 0.09% of its portfolio. Wunderlich Cap Managemnt, Tennessee-based fund reported 20,959 shares. Virginia Retirement Systems Et Al reported 1.31M shares. Jones Financial Lllp accumulated 147,105 shares. Viking Fund Management Ltd Liability Com accumulated 156,000 shares. Carret Asset Mngmt Ltd reported 184,913 shares stake. Frontier Inv Mgmt reported 1.89% stake. Federated Incorporated Pa holds 3.08% in Verizon Communications Inc. (NYSE:VZ) or 21.68 million shares. Princeton Port Strategies Ltd Llc holds 1.02% or 76,396 shares.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.10, from 1.05 in 2017Q2. It worsened, as 7 investors sold FFA shares while 13 reduced holdings. 5 funds opened positions while 14 raised stakes. 5.36 million shares or 3.64% less from 5.56 million shares in 2017Q2 were reported. Citigroup reported 890 shares. Karpus reported 0.31% stake. North Star Mngmt Corporation owns 305,869 shares or 0.58% of their US portfolio. Cwm Llc holds 0% or 4,303 shares in its portfolio. Northwestern Mutual Wealth Mgmt stated it has 0% in First Trust Enhanced Equity Income Fund (NYSE:FFA). Bulldog Investors Limited Co stated it has 69,613 shares or 0.3% of all its holdings. Moreover, Royal Bancorporation Of Canada has 0% invested in First Trust Enhanced Equity Income Fund (NYSE:FFA). Advisory Services Network Limited Co reported 647 shares. Invesco holds 558,216 shares. Parametric Associate Ltd Co invested in 0% or 148,808 shares. Morgan Stanley holds 0% in First Trust Enhanced Equity Income Fund (NYSE:FFA) or 1.07 million shares. Bank & Trust Of America Corp De reported 29,674 shares. Raymond James Fin Svcs Advsrs has invested 0.03% of its portfolio in First Trust Enhanced Equity Income Fund (NYSE:FFA). 123,603 are held by Guggenheim Ltd Company. Raymond James Trust Na holds 0.03% of its portfolio in First Trust Enhanced Equity Income Fund (NYSE:FFA) for 24,906 shares.

Karpus Management Inc, which manages about $2.60B and $1.97B US Long portfolio, upped its stake in Taiwan Fd Inc (TWN) by 50,497 shares to 156,564 shares, valued at $3.22M in 2017Q3, according to the filing. It also increased its holding in Nuveen Amt (NEA) by 868,284 shares in the quarter, for a total of 2.41M shares, and has risen its stake in Vanguard Bd Index Fd Inc Short Trm Bond (BSV).

Leave a Reply

Your email address will not be published. Required fields are marked *