SEC Reporting: Why Counsel Portfolio Services Inc Reported Big United States Commodity Index Funds Trust Position?

SEC Reporting: Why Counsel Portfolio Services Inc Reported Big United States Commodity Index Funds Trust Position?

The New Counsel Portfolio Services Inc Holding in United States Commodity Index Funds Trust

Counsel Portfolio Services Inc filed with the SEC SC 13D form for United States Commodity Index Funds Trust. The form can be accessed here: 000114036116086894. As reported in Counsel Portfolio Services Inc’s form, the filler as of late owns 11.8595% or 23,719 shares of the Materials–company.

United States Commodity Index Funds Trust stake is a new one for the for this institutional investor and it was filed because of activity on November 14, 2016. We feel this shows Counsel Portfolio Services Inc’s positive view for the stock.

Reasons Why Counsel Portfolio Services Inc Bought – United States Commodity Index Funds Trust Stock

Purpose of Transaction

The Reporting Person acquired the shares of the Issuer reported herein solely for investment management purposes. The Reporting Person may make additional purchases of shares in the open market, depending on the Reporting Person’s business, investment strategies, the market for the shares, general economic conditions, stock market conditions and other future developments.

The following describes plans or proposals that the Reporting Person may have with respect to the matters set forth in Item 4(a)-(j) of Schedule 13D:

(a)

The Reporting Person may acquire or dispose of shares of the Issuer’s stock depending upon prevailing market conditions and its investment objectives;

(b)

None;

(c)

None;

(d)

None;

(e)

None;

(f)

None;

(g)

None;

(h)

None;

(i)

None; and

(j)

None.

United States Commodity Index Funds Trust Institutional Sentiment

Latest Security and Exchange filings show 36 investors own United States Commodity Index Funds Trust. The institutional ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 22035 the total institutional shares. 5239695 were the shares owned by these institutional investors. In total 8 funds opened new United States Commodity Index Funds Trust stakes, 13 increased stakes. There were 5 that closed positions and 8 reduced them.

Convergent Wealth Advisors is an institutional investor bullish on United States Commodity Index Funds Trust, owning 21430 shares as of Q3 2015 for 0.20% of its portfolio. Live Your Vision Llc owns 42754 shares or 0.84% of its portfolio. MA Barry Investment Advisors Llc have 2.77% of their stock portfolio for 206445 shares. Further, Spruce Private Investors Llc reported stake worth 0.28% of its US stock portfolio. The MO Sterling Investment Advisors Llc owns 110961 shares. United States Commodity Index Funds Trust is 5.30% of the manager’s US portfolio.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.57, from 1 in 2016Q1. The ratio is positive, as 7 funds sold all United States Metals Index Fund ETV shares owned while 7 reduced positions. 10 funds bought stakes while 12 increased positions. They now own 6.42 million shares or 20.59% more from 5.33 million shares in 2016Q1.

The Massachusetts-based Barry Invest Advisors Ltd Liability Company has invested 3.21% in United States Metals Index Fund ETV (NYSEARCA:USMI). Lpl Ltd Liability last reported 94,786 shares in the company. Parallax Volatility Advisers Limited Partnership holds 0% of its portfolio in United States Metals Index Fund ETV (NYSEARCA:USMI) for 1 shares. Wfg Advsr Limited Partnership has invested 0.01% of its portfolio in United States Metals Index Fund ETV (NYSEARCA:USMI). The Massachusetts-based Commonwealth Equity Services has invested 0% in United States Metals Index Fund ETV (NYSEARCA:USMI). National Bank & Trust Of Montreal Can has invested 0% of its portfolio in United States Metals Index Fund ETV (NYSEARCA:USMI). Tradewinds Capital Mngmt Ltd Liability Com accumulated 0% or 75 shares. Morgan Stanley reported 99,588 shares or 0% of all its holdings. Ladenburg Thalmann Fincl Svcs holds 0% or 831 shares in its portfolio. Susquehanna International Gru Llp accumulated 16,672 shares or 0% of the stock. Moreover, Sterling Invest Advsr Limited Liability Adv has 6.22% invested in United States Metals Index Fund ETV (NYSEARCA:USMI) for 140,583 shares. Strategic Invest Mngmt Lc holds 0.02% of its portfolio in United States Metals Index Fund ETV (NYSEARCA:USMI) for 760 shares. The New York-based Gm Advisory Gru has invested 1.09% in United States Metals Index Fund ETV (NYSEARCA:USMI). National Bank Of America Corp De has 1.49M shares for 0.01% of their US portfolio. Live Your Vision holds 1.76% or 89,137 shares in its portfolio.

It is down 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

More notable recent United States Metals Index Fund ETV (NYSEARCA:USMI) news were published by: Forbes.com which released: “5 Controversial Gold Stocks And 3 ETFs: Where’s The Real Value?” on August 09, 2013, also Smallcapnetwork.com with their article: “Three Commodity ETFs to Play the Recent Pullback: DBA, DBC & USCI” published on July 24, 2014, Prnewswire.com published: “Updated: Eaton Vance Closed-End Fund Data Now Available On Website” on August 07, 2015. More interesting news about United States Metals Index Fund ETV (NYSEARCA:USMI) were released by: Seekingalpha.com and their article: “Interview: Long-Term High Dividend Closed-End Fund Pick From 14 Prominent …” published on May 04, 2016 as well as Seekingalpha.com‘s news article titled: “Sprott Insiders Are Selling PSLV And So Should You” with publication date: September 21, 2011.

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