Mackay Shields buys $10,187,668 stake in Nuveen Municipal Market Opp Fund Inc (NMO)

Nuveen Municipal Market Opp Fund Inc (NMO) : Mackay Shields scooped up 72,085 additional shares in Nuveen Municipal Market Opp Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 674,680 shares of Nuveen Municipal Market Opp Fund Inc which is valued at $10,187,668.Nuveen Municipal Market Opp Fund Inc makes up approximately 2.07% of Mackay Shields’s portfolio.

Other Hedge Funds, Including , Sanders Morris Harris added NMO to its portfolio by purchasing 11,804 company shares during the most recent quarter which is valued at $178,240. Nuveen Municipal Market Opp Fund Inc makes up approx 0.04% of Sanders Morris Harris’s portfolio.Capital Investment Advisors boosted its stake in NMO in the latest quarter, The investment management firm added 43,042 additional shares and now holds a total of 76,057 shares of Nuveen Municipal Market Opp Fund Inc which is valued at $1,146,179. Nuveen Municipal Market Opp Fund Inc makes up approx 0.10% of Capital Investment Advisors’s portfolio.Creative Planning boosted its stake in NMO in the latest quarter, The investment management firm added 4,662 additional shares and now holds a total of 19,538 shares of Nuveen Municipal Market Opp Fund Inc which is valued at $294,242.Benjamin F. Edwards Company boosted its stake in NMO in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 7,455 shares of Nuveen Municipal Market Opp Fund Inc which is valued at $112,272. Nuveen Municipal Market Opp Fund Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.

Nuveen Municipal Market Opp Fund Inc opened for trading at $15.14 and hit $15.16 on the upside on Friday, eventually ending the session at $15.15, with a gain of 0.20% or 0.03 points. The heightened volatility saw the trading volume jump to 91,077 shares. Company has a market cap of $690 M.

Nuveen Municipal Market Opportunity Fund Inc. (the Fund) is a diversified closed-end investment company. The Company provides investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors. The fund seeks current income exempt from regular federal income tax. The secondary investment objective is the enhancement of portfolio value. The fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P Moody’s or Fitch) at the time of investment. The Fund’s investment advisor is Nuveen Fund Advisors Inc. The Fund’s investment advisor is Nuveen Fund Advisors Inc.

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