This morning we added the Internet Infrastructure Holder (IIH) to the Barchart Van Meerten Speculative portfolio. The trust currently holds shares of common stock issued by a group of specified companies that were, at the time of the initial offering, generally considered to be involved in various aspects of the Internet infrastructure segment of the Internet industry. The Internet infrastructure segment of the Internet industry consists of companies that, among other things, provide software and related services, which allow Internet companies to better manage their Web sites and improve online communications.
At the latest report the trust had 8 positions of which 3 positions VeriSign (VRSN) -51%, Akami (AKAM) - 29% and Open Text (OTEX)- 10% accounted for 90% of its holdings. The portfolio has 51% in software and 49% in telecom sectors.
Barchart has a 96% buy signal. The trust has appreciated 8.50% in the last month by hitting 14 new highs in the last 20 sessions. The 14 day Relative Strength Index is 67.88% and on the rise. The price was recently 3.70 well above its 50 day moving average of 3.38.
The trust has a positive investor following with CAPS members on Motley Fool voting 43 to 3 that the trust will beat the market with the All Stars in agreement 14 to 1.
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: No positions in the stock mentioned at the time of publication
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