Narwhal Capital Management Lowers stake in Nuveen Dividend Advantage Municipal Fd 3 (NZF)

Nuveen Dividend Advantage Municipal Fd 3 (NZF) : Narwhal Capital Management reduced its stake in Nuveen Dividend Advantage Municipal Fd 3 by 0.79% during the most recent quarter end. The investment management company now holds a total of 77,595 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $1,239,968 after selling 617 shares in Nuveen Dividend Advantage Municipal Fd 3 , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Nuveen Dividend Advantage Municipal Fd 3 makes up approximately 0.38% of Narwhal Capital Management’s portfolio.

Other Hedge Funds, Including , Pointe Capital Management reduced its stake in NZF by selling 5,317 shares or 19.84% in the most recent quarter. The Hedge Fund company now holds 21,480 shares of NZF which is valued at $343,250. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.25% of Pointe Capital Management’s portfolio.Mackay Shields boosted its stake in NZF in the latest quarter, The investment management firm added 489,816 additional shares and now holds a total of 945,726 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $15,112,701. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 3.07% of Mackay Shields’s portfolio.Msi Financial Services Inc reduced its stake in NZF by selling 1,044 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 18,150 shares of NZF which is valued at $290,037. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Creative Planning boosted its stake in NZF in the latest quarter, The investment management firm added 18,711 additional shares and now holds a total of 51,125 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $802,663. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.01% of Creative Planning’s portfolio. Hollencrest Securities added NZF to its portfolio by purchasing 25,222 company shares during the most recent quarter which is valued at $410,110. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.06% of Hollencrest Securities’s portfolio.

Nuveen Dividend Advantage Municipal Fd 3 opened for trading at $16 and hit $16.11 on the upside on Friday, eventually ending the session at $16.07, with a gain of 0.56% or 0.09 points. The heightened volatility saw the trading volume jump to 3,70,877 shares. Company has a market cap of $2,284 M.

Nuveen Dividend Advantage Municipal Fund 3 is a United States-based closed-end diversified management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade. The Fund invests up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. Nuveen Asset Management LLC is the sub-adviser to the Fund and an affiliate of Nuveen Investments Inc.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *