Pinebridge Investments LP Has Trimmed By $321,768 Its Intel Com (INTC) Position; Nuveen Dividend Advantage Municipal Fund Has 0.9 Sentiment

August 9, 2017 - By Adrian Mccoy

Pinebridge Investments Lp decreased Intel Corp Com (INTC) stake by 12.77% reported in 2016Q4 SEC filing. Pinebridge Investments Lp sold 8,938 shares as Intel Corp Com (INTC)’s stock declined 2.96%. The Pinebridge Investments Lp holds 61,056 shares with $2.22M value, down from 69,994 last quarter. Intel Corp Com now has $171.94 billion valuation. The stock rose 0.14% or $0.05 reaching $36.64. About 22.75 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since August 9, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.

Nuveen Quality Municipal Income Fund is a diversified, closed-end management investment company. The company has market cap of $2.87 billion. The Fund seeks to provide current income exempt from regular federal income tax and to enhance portfolio value. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal income taxes.

Robinson Capital Management Llc holds 5.39% of its portfolio in Nuveen Dividend Advantage Municipal Fund for 710,863 shares. Rivernorth Capital Management Llc owns 1.92 million shares or 1.75% of their US portfolio. Moreover, Tradewinds Capital Management Llc has 1.66% invested in the company for 179,915 shares. The Texas-based Oxbow Advisors Llc has invested 1.16% in the stock. 1607 Capital Partners Llc, a Virginia-based fund reported 1.11 million shares.

The stock decreased 0.28% or $0.04 on August 9, reaching $14.2. About 392,448 shares traded or 13.26% up from the average. Nuveen Dividend Advantage Municipal Fund (NAD) has declined 8.67% since August 9, 2016 and is downtrending. It has underperformed by 25.37% the S&P500.

Among 51 analysts covering Intel Corporation (NASDAQ:INTC), 30 have Buy rating, 5 Sell and 16 Hold. Therefore 59% are positive. Intel Corporation had 169 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 9 by Sterne Agee CRT. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Wednesday, October 19 by Nomura. As per Monday, January 25, the company rating was upgraded by Macquarie Research. The firm has “Buy” rating by Topeka Capital Markets given on Friday, November 20. JMP Securities upgraded the stock to “Market Outperform” rating in Friday, November 20 report. The firm earned “Buy” rating on Sunday, August 30 by Deutsche Bank. On Friday, January 27 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 19. On Monday, January 18 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was maintained on Monday, September 19 by Citigroup.

Since February 10, 2017, it had 1 insider buy, and 4 sales for $4.62 million activity. Another trade for 13,997 shares valued at $505,432 was made by RENDUCHINTALA VENKATA S M on Monday, May 1. BRYANT ANDY D sold 80,645 shares worth $2.84 million. On Monday, March 13 the insider Krzanich Brian M sold $2.54 million. The insider Bryant Diane M sold 55,821 shares worth $2.03 million. SWAN ROBERT HOLMES bought 13,888 shares worth $504,204.

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By1 Adrian Mccoy

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