Newgate Capital Management buys $3,090,365 stake in Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest (NVG)

Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest (NVG) : Newgate Capital Management scooped up 70,406 additional shares in Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 188,667 shares of Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest which is valued at $3,090,365.Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approximately 2.46% of Newgate Capital Management’s portfolio.

Other Hedge Funds, Including , Cutter Co Brokerage sold out all of its stake in NVG during the most recent quarter. The investment firm sold 14,037 shares of NVG which is valued $229,926.Ronna Sue Cohen boosted its stake in NVG in the latest quarter, The investment management firm added 16,626 additional shares and now holds a total of 163,391 shares of Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest which is valued at $2,633,863. Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approx 1.92% of Ronna Sue Cohen’s portfolio.Next Financial Group Inc boosted its stake in NVG in the latest quarter, The investment management firm added 6,441 additional shares and now holds a total of 18,532 shares of Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest which is valued at $306,149. Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approx 0.10% of Next Financial Group Inc’s portfolio. Integrated Investment Consultants added NVG to its portfolio by purchasing 6,739 company shares during the most recent quarter which is valued at $109,644. Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approx 0.06% of Integrated Investment Consultants’s portfolio.

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