Institutional Investors Positive on Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)

June 18, 2018 - By Kenneth Lin

Sentiment for Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) institutional sentiment increased to 1.65 in 2018 Q1. Its up 0.45, from 1.2 in 2017Q4. The ratio improved, as 56 funds increased and started new equity positions, while 34 sold and reduced stock positions in Nuveen Dividend Advantage Municipal Fund. The funds in our partner’s database reported: 32.13 million shares, up from 27.18 million shares in 2017Q4. Also, the number of funds holding Nuveen Dividend Advantage Municipal Fund in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 8 Reduced: 26 Increased: 41 New Position: 15.

Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $2.66 billion. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 30.16 P/E ratio. It invests in the fixed income markets of the United States.

The stock increased 0.23% or $0.03 during the last trading session, reaching $13.18. About 124,971 shares traded. Nuveen Quality Municipal Income Fund (NYSE:NAD) has declined 5.42% since June 18, 2017 and is downtrending. It has underperformed by 17.99% the S&P500.

Robinson Capital Management Llc holds 5.08% of its portfolio in Nuveen Quality Municipal Income Fund for 1.26 million shares. Karpus Management Inc. owns 7.01 million shares or 4.14% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 2.09% invested in the company for 2.14 million shares. The Washington-based Tradewinds Capital Management Llc has invested 0.94% in the stock. Jfs Wealth Advisors Llc, a Pennsylvania-based fund reported 179,088 shares.

Since January 1, 0001, it had 2 insider purchases, and 0 sales for $30,015 activity.

Another recent and important Nuveen Quality Municipal Income Fund (NYSE:NAD) news was published by Seekingalpha.com which published an article titled: “CEF NAD: Tax-Free Income Becoming Enticing?” on May 25, 2018.

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