Newgate Capital Management buys $764,680 stake in Nuveen Premier Municipal Income Fund Inc (NPF)

Nuveen Premier Municipal Income Fund Inc (NPF) : Newgate Capital Management scooped up 26,378 additional shares in Nuveen Premier Municipal Income Fund Inc 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 50,341 shares of Nuveen Premier Municipal Income Fund Inc which is valued at $764,680.Nuveen Premier Municipal Income Fund Inc makes up approximately 0.61% of Newgate Capital Management’s portfolio.

Other Hedge Funds, Including , Mariner Investment Group sold out all of its stake in NPF during the most recent quarter. The investment firm sold 88,822 shares of NPF which is valued $1,349,206.Vicus Capital boosted its stake in NPF in the latest quarter, The investment management firm added 5,335 additional shares and now holds a total of 19,950 shares of Nuveen Premier Municipal Income Fund Inc which is valued at $303,041. Nuveen Premier Municipal Income Fund Inc makes up approx 0.07% of Vicus Capital’s portfolio.Sit Investment Associates Inc boosted its stake in NPF in the latest quarter, The investment management firm added 103,934 additional shares and now holds a total of 225,647 shares of Nuveen Premier Municipal Income Fund Inc which is valued at $3,405,013. Nuveen Premier Municipal Income Fund Inc makes up approx 0.09% of Sit Investment Associates Inc’s portfolio.Creative Planning boosted its stake in NPF in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 1,517 shares of Nuveen Premier Municipal Income Fund Inc which is valued at $22,785.

Nuveen Premier Municipal Income Fund Inc opened for trading at $15.2 and hit $15.2 on the upside on Monday, eventually ending the session at $15.2, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 21,986 shares. Company has a market cap of $305 M.

Nuveen Premier Municipal Income Fund Inc. (the Fund) is a United States-based closed-ended fund. The fund seeks current income exempt from regular federal income tax. The secondary investment objective is the enhancement of portfolio value. The Fund invests substantially all of its assets (more than 80%) in a diversified portfolio of tax-exempt municipal bonds rated within the four grades (Baa or BBB or better) except that the fund may invest up to 20% of its assets in unrated municipal bonds that are deemed to be of comparable quality. The Fund may attempt to hedge its portfolio risk through the use of financial futures and options. The Fund uses leverage. As on 30 June 2014 Nuveen Investments managed approximately $231 billion.

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