Tortoise Investment Management Lowers stake in Nuveen Maryland Premium Income Municipal (NMY)

Nuveen Maryland Premium Income Municipal (NMY) : Tortoise Investment Management reduced its stake in Nuveen Maryland Premium Income Municipal by 11.28% during the most recent quarter end. The investment management company now holds a total of 361,530 shares of Nuveen Maryland Premium Income Municipal which is valued at $5,209,647 after selling 45,983 shares in Nuveen Maryland Premium Income Municipal , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Nuveen Maryland Premium Income Municipal makes up approximately 1.77% of Tortoise Investment Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in NMY by selling 3,076 shares or 31.17% in the most recent quarter. The Hedge Fund company now holds 6,794 shares of NMY which is valued at $97,426.Deschutes Portfolio Strategy reduced its stake in NMY by selling 44,700 shares or 80.4% in the most recent quarter. The Hedge Fund company now holds 10,900 shares of NMY which is valued at $158,159. Nuveen Maryland Premium Income Municipal makes up approx 0.08% of Deschutes Portfolio Strategy’s portfolio.

Nuveen Maryland Premium Income Municipal closed down -0.011 points or -0.08% at $14.41 with 23,828 shares getting traded on Monday. Post opening the session at $14.47, the shares hit an intraday low of $14.3901 and an intraday high of $14.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Nuveen Maryland Premium Income Municipal Fund is a diversified closed-end management investment company. The Fund seeks current income exempt from regular federal income taxes and Maryland personal income taxes. The secondary objective of the Fund is the enhancement of portfolio value. The Fund seeks to provide attractive monthly tax-free income portfolio diversification and attractive after tax total returns. The Fund invests in municipal securities that are exempt from federal Maryland state and local income taxes. The Fund invests at least 80% of its managed assets in securities rated at the time of investment investment grade (Baa/BBB or better by S&P Moody’s or Fitch) 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. The Funds’ investment adviser is Nuveen Fund Advisors LLC.

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