Investec Asset Management North America Holds Position in Netease (NTES); As Pioneer Floating Rate Tr (PHD) Stock Price Declined, Camarda Financial Advisors Has Increased Holding

November 15, 2017 - By Linda Rogers

Investec Asset Management North America Inc increased its stake in Netease Inc (NTES) by 6.04% based on its latest 2017Q2 regulatory filing with the SEC. Investec Asset Management North America Inc bought 2,729 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 47,941 shares of the miscellaneous company at the end of 2017Q2, valued at $14.41 million, up from 45,212 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Netease Inc for a number of months, seems to be bullish on the $39.44 billion market cap company. The stock decreased 1.19% or $3.6 during the last trading session, reaching $298.56. About 440 shares traded. NetEase Inc (ADR) (NASDAQ:NTES) has risen 77.85% since November 15, 2016 and is uptrending. It has outperformed by 61.15% the S&P500.

Camarda Financial Advisors Llc increased its stake in Pioneer Floating Rate Tr (PHD) by 24.39% based on its latest 2017Q2 regulatory filing with the SEC. Camarda Financial Advisors Llc bought 102,585 shares as the company’s stock declined 1.55% while stock markets rallied. The institutional investor held 523,151 shares of the company at the end of 2017Q2, valued at $6.23M, up from 420,566 at the end of the previous reported quarter. Camarda Financial Advisors Llc who had been investing in Pioneer Floating Rate Tr for a number of months, seems to be bullish on the $284.24M market cap company. The stock decreased 0.17% or $0.02 on November 14, reaching $11.49. About shares traded. Pioneer Floating Rate Trust (NYSE:PHD) has risen 9.44% since November 15, 2016 and is uptrending. It has underperformed by 7.26% the S&P500.




Another recent and important NetEase Inc (ADR) (NASDAQ:NTES) news was published by Benzinga.com which published an article titled: “Earnings Scheduled For November 15, 2017” on November 15, 2017.

Investec Asset Management North America Inc, which manages about $2.91 billion and $545.37 million US Long portfolio, decreased its stake in Cme Group Inc/Il (NASDAQ:CME) by 5,459 shares to 87,262 shares, valued at $10.93M in 2017Q2, according to the filing. It also reduced its holding in Danaher Corp (NYSE:DHR) by 9,480 shares in the quarter, leaving it with 132,264 shares, and cut its stake in Suntrust Banks Inc (NYSE:STI).

Among 16 analysts covering NetEase (NASDAQ:NTES), 10 have Buy rating, 3 Sell and 3 Hold. Therefore 63% are positive. NetEase had 33 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Buy” rating by Jefferies on Friday, June 16. The rating was upgraded by Vetr to “Hold” on Wednesday, August 12. As per Monday, October 3, the company rating was upgraded by CLSA. As per Wednesday, January 4, the company rating was upgraded by CLSA. The rating was upgraded by Nomura to “Buy” on Thursday, May 12. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Underperform” rating given on Wednesday, January 11 by Bernstein. The rating was downgraded by Zacks on Tuesday, August 25 to “Hold”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Buy” rating given on Monday, July 17 by Jefferies. The stock has “Outperform” rating by Credit Suisse on Monday, September 21. The rating was downgraded by Jefferies on Tuesday, October 3 to “Hold”.

Camarda Financial Advisors Llc, which manages about $213.32M and $93.50 million US Long portfolio, decreased its stake in Blackrock Corpor Hi Yld Fd I (HYT) by 30,174 shares to 7,491 shares, valued at $82,000 in 2017Q2, according to the filing. It also reduced its holding in Ishares Tr (FLOT) by 6,830 shares in the quarter, leaving it with 7,031 shares, and cut its stake in Ishares Tr (IWO).

More news for Pioneer Floating Rate Trust (NYSE:PHD) were recently published by: Barrons.com, which released: “4 Closed-End Fund Picks as Rates Rise, Discounts Widen” on November 14, 2016. Seekingalpha.com‘s article titled: “This Floating-Rate CEF Should Benefit From Rising Interest Rates” and published on June 06, 2017 is yet another important article.

Investors sentiment increased to 1.31 in 2017 Q2. Its up 0.51, from 0.8 in 2017Q1. It is positive, as 4 investors sold PHD shares while 12 reduced holdings. 9 funds opened positions while 12 raised stakes. 7.15 million shares or 3.42% less from 7.41 million shares in 2017Q1 were reported. Robinson Cap Management Ltd has 14,000 shares for 0.07% of their portfolio. Greenwich Wealth Management Ltd Limited Liability Company stated it has 11,956 shares or 0.02% of all its holdings. Gradient Investments Ltd Liability Corp accumulated 2,649 shares or 0% of the stock. West Oak Cap Ltd Liability Company holds 29,600 shares or 0% of its portfolio. United Kingdom-based Baillie Gifford & has invested 0.02% in Pioneer Floating Rate Trust (NYSE:PHD). Fort Washington Investment Advsr Incorporated Oh reported 73,335 shares stake. National Planning owns 32,880 shares for 0.03% of their portfolio. Shaker Fincl Svcs Ltd Liability Corporation invested in 112,645 shares. Colorado-based Asset has invested 0.04% in Pioneer Floating Rate Trust (NYSE:PHD). Horizon Kinetics Ltd Limited Liability Company owns 0.01% invested in Pioneer Floating Rate Trust (NYSE:PHD) for 26,038 shares. Zazove Associate Ltd Com holds 47,798 shares. Invesco Ltd reported 1.50 million shares. U S Global Investors Incorporated holds 8,083 shares or 0.03% of its portfolio. 2,000 were reported by Financial Bank Of Montreal Can. Morgan Stanley invested in 0% or 268,689 shares.

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