CEF Weekly Review: IDE Goes Ex-Dividend Monday
Published Jul 1, 2012 on Seeking Alpha

Actionable Items: Highest Positive Spread: MFS Municipal Income Fund (MFM) Lowest Negative Spread: ING Infrastructure Industrial (IDE) Focus Stock(s) of the Week: H&Q Healthcare Investors (HQH) Last Week's Focus Stock: Tri-Continental (TY)/ Cushing MLP Total Return Fund (SRV) CEF Weekly Review: On average, the 13 closed-end fund (CEF) types registered a share price increase of 1.2% for the week ending 6/29/12. The high-low spread (average percentage price change difference between the highest and lowest fund types) registered this week was +2.1% versus +2.1% the previous week. The PowerShares CEF Income Composite (PCEF), an ETF that invests in taxable income CEFs, advanced 1.6% for the week. PCEF is now up 4.6% YTD on price appreciation alone. Currently, PCEF's trailing twelve months' yield is 8.4%. It was all about Friday. The S&P 500 surged 2.5% on Friday amidst another burst of optimism coming out of yet another European Summit-the 19th or 20th... Read more