Chickasaw Capital Management Has Lifted Magellan Midstream Partners LP (MMP) Stake; Ares Dynamic Credit Allocation Fund Has 1.83 Sentiment

Chickasaw Capital Management Llc increased Magellan Midstream Partners Lp (MMP) stake by 2.65% reported in 2017Q4 SEC filing. Chickasaw Capital Management Llc acquired 70,619 shares as Magellan Midstream Partners Lp (MMP)’s stock declined 17.74%. The Chickasaw Capital Management Llc holds 2.74 million shares with $194.14 million value, up from 2.67 million last quarter. Magellan Midstream Partners Lp now has $15.47 billion valuation. The stock increased 2.48% or $1.64 during the last trading session, reaching $67.8. About 1.38 million shares traded or 19.82% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since May 6, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

Ares Dynamic Credit Allocation Fund Inc (ARDC) investors sentiment decreased to 1.83 in Q4 2017. It’s down -0.07, from 1.9 in 2017Q3. The ratio has dropped, as 22 hedge funds increased or opened new positions, while 12 sold and reduced their equity positions in Ares Dynamic Credit Allocation Fund Inc. The hedge funds in our database now hold: 6.59 million shares, up from 6.22 million shares in 2017Q3. Also, the number of hedge funds holding Ares Dynamic Credit Allocation Fund Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 9 Increased: 13 New Position: 9.

Robinson Capital Management Llc holds 1.45% of its portfolio in Ares Dynamic Credit Allocation Fund, Inc. for 183,828 shares. Rivernorth Capital Management Llc owns 636,633 shares or 0.73% of their US portfolio. Moreover, City Of London Investment Management Co Ltd has 0.33% invested in the company for 290,944 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.28% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 132,187 shares.

More news for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) were recently published by: Digitaljournal.com, which released: “Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.” on April 20, 2018. Digitaljournal.com‘s article titled: “Ares Dynamic Credit Allocation Fund Declares Monthly Distributions of $0.1075 Per Share” and published on April 13, 2018 is yet another important article.

The stock decreased 0.12% or $0.02 during the last trading session, reaching $16.35. About 51,557 shares traded. Ares Dynamic Credit Allocation Fund, Inc. (ARDC) has 0.00% since May 6, 2017 and is . It has underperformed by 11.55% the S&P500.

Chickasaw Capital Management Llc decreased Phillips 66 Partners Lp (NYSE:PSXP) stake by 14,161 shares to 2.88M valued at $150.82M in 2017Q4. It also reduced Williams Cos Inc (NYSE:WMB) stake by 1.22M shares and now owns 7.38 million shares. Dominion Energy Midstream Part (NYSE:DM) was reduced too.

Since February 12, 2018, it had 0 buys, and 1 insider sale for $1.51 million activity. The insider MEARS MICHAEL N sold 22,251 shares worth $1.51M.

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.14, from 0.9 in 2017Q3. It is negative, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Sheets Smith Wealth Mgmt reported 39,750 shares. Summit Asset Mgmt Lc reported 0.1% stake. Private Tru Na reported 0.26% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Phocas Corporation holds 0.02% or 3,700 shares in its portfolio. Polaris Greystone Finance Grp Ltd reported 2,883 shares. Vigilant Llc reported 543 shares. Duff & Phelps Inv Mngmt holds 295,090 shares or 0.3% of its portfolio. Asset Management reported 15,020 shares. Girard Limited holds 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 2,946 shares. Linscomb & Williams Incorporated holds 0.15% or 26,131 shares in its portfolio. Ent Financial Services Corporation owns 1,416 shares or 0.05% of their US portfolio. Catawba Mngmt Va holds 0.63% or 39,287 shares. Verity Asset Mngmt stated it has 0.29% in Magellan Midstream Partners, L.P. (NYSE:MMP). 28,439 are owned by Sg Americas Secs Limited Co. Cv Starr & Incorporated Trust has 175,000 shares.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart