Portfolio

While individual investors — the primary owners of municipal debt — have generally increased their holdings in the last 10 years, some institutional investors have trimmed their holdings and others have been aggressive buyers.

According to the firm, the funds were closed to protect the interests of existing investors. However, they will continue to accept additional investments from existing shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs.

UBS Financial Services Inc. of Puerto Rico and two of its executives have been charged by the SEC with misleading investors and its own financial advisors about the market risks associated with the sales of 23 closed-end mutual funds.

The Dow Jones Industrial Average rallied up another 65.69 points to close at 13,279.32 Tuesday, getting the month of May off to a strong start following April’s mixed performance.

On May 1, Invesco said it is mergeing another fund into a Van Kampen offering.

On May 1, 2012, Delaware Investments hired a wholesaler for iSnags Pioneer Sales Exec

On May 1, 2012, FINRA fined four firms for unsupervised ETF sales.

The upcoming issue of Bank Investment Consultant will feature our annual Top Program Managers. And later this week, we’ll have a slide show of the winners. In the meantime, here’s a peek at those who just missed the cutoff (in alphabetical order). Plus, here’s a link to last year’s winners.

The Dow eked out a tiny gain in April. Here's a look at the five stocks that did the most to hold back the group last month.

Through all the ups and downs, the Dow still managed to post a tiny gain in April. Here are five stocks that made it happen last month.