Oxbow Advisors Lowers stake in Nuveen Premium Income Municipal Fund Inc (NPI)

Nuveen Premium Income Municipal Fund Inc (NPI) : Oxbow Advisors reduced its stake in Nuveen Premium Income Municipal Fund Inc by 0.63% during the most recent quarter end. The investment management company now holds a total of 461,885 shares of Nuveen Premium Income Municipal Fund Inc which is valued at $7,200,787 after selling 2,915 shares in Nuveen Premium Income Municipal Fund Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Nuveen Premium Income Municipal Fund Inc makes up approximately 1.01% of Oxbow Advisors’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services boosted its stake in NPI in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 16,418 shares of Nuveen Premium Income Municipal Fund Inc which is valued at $255,957. Nuveen Premium Income Municipal Fund Inc makes up approx 0.05% of Investors Capital Advisory Services’s portfolio.Sit Investment Associates Inc boosted its stake in NPI in the latest quarter, The investment management firm added 87,299 additional shares and now holds a total of 355,981 shares of Nuveen Premium Income Municipal Fund Inc which is valued at $5,489,227. Nuveen Premium Income Municipal Fund Inc makes up approx 0.14% of Sit Investment Associates Inc’s portfolio.Msi Financial Services Inc reduced its stake in NPI by selling 555 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 11,997 shares of NPI which is valued at $184,274. Nuveen Premium Income Municipal Fund Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Creative Planning reduced its stake in NPI by selling 434 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 14,950 shares of NPI which is valued at $227,091.

Nuveen Premium Income Municipal Fund Inc (NPI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.59 and reached the intraday high at $15.59. The bulls started the profit booking and pushed the shares to intraday low of $15.53. The trading session was marked by a volume range of 1,00,794 shares exchanging hands. The 52-week high of the shares is $15.59 and the 52-week low is $13.05. The market cap of the company stands at $991 M and there are 6,37,85,000 shares in public circulation.

Nuveen Premium Income Municipal Fund Inc. is a diversified closed-end investment company. The Fund’s objective is to provide current income exempt from regular federal income tax consistent with the preservation of capital. 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 or if they are unrated are judged by the manager to be of comparable quality. The Fund may invest 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 invests in healthcare transportation utilities and education and civic organizations among others. It is managed by Nuveen Asset Management LLC.

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