Cornerstone Advisory Llp buys $521,186 stake in Cohen and Steers Global Income Builder (INB)

Cohen and Steers Global Income Builder (INB) : Cornerstone Advisory Llp scooped up 13,202 additional shares in Cohen and Steers Global Income Builder during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 56,898 shares of Cohen and Steers Global Income Builder which is valued at $521,186.Cohen and Steers Global Income Builder makes up approximately 0.42% of Cornerstone Advisory Llp’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in INB during the most recent quarter. The investment firm sold 2,450 shares of INB which is valued $22,442. Cutter Co Brokerage sold out all of its stake in INB during the most recent quarter. The investment firm sold 65,544 shares of INB which is valued $591,207.Rmb Capital Management reduced its stake in INB by selling 21,316 shares or 50.26% in the most recent quarter. The Hedge Fund company now holds 21,096 shares of INB which is valued at $190,286. Cohen and Steers Global Income Builder makes up approx 0.01% of Rmb Capital Management’s portfolio.Msi Financial Services Inc boosted its stake in INB in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 1,935 shares of Cohen and Steers Global Income Builder which is valued at $17,454.

Cohen and Steers Global Income Builder (INB) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.21 and reached the intraday high at $9.22. The bulls started the profit booking and pushed the shares to intraday low of $9.15. The trading session was marked by a volume range of 1,04,661 shares exchanging hands. The 52-week high of the shares is $10.4 and the 52-week low is $7.79. The market cap of the company stands at $207 M and there are 2,25,05,000 shares in public circulation.

Cohen & Steers Global Income Builder Inc. (the Fund) is a closed-end management investment company. The Fund’s investment objective is total return with an emphasis on high current income. The Fund invests in various industry sectors such as financial technology healthcare industrials real estate consumer-non-cyclical consumer-cyclical energy closed-end funds materials banks-foreign consumer discretionary consumer staples pipelines communications telecommunication services automotive gas distribution pipelines-C-Corp railways electric banks toll roads insurance water airports hotel shipping electric-integrated insurance-foreign and marine ports. The Fund’s investments include closed-end funds preferred securities corporate bonds and short-term investments. The Fund is managed by Cohen & Steers Capital Management Inc.

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