Today’s Ownership Action: Nuveen Tax-advantaged Dividend Growth Fund (NYSE:JTD) Stock Price Gains While Sentiment Worsens

November 16, 2016 - By Dolores Ford   ·   0 Comments

Today's Ownership Action: Nuveen Tax advantaged Dividend Growth Fund (NYSE:JTD) Stock Price Gains While Sentiment  Worsens

Sentiment for Nuveen Tax-advantaged Dividend Growth Fund (NYSE:JTD)

Nuveen Tax-advantaged Dividend Growth Fund (NYSE:JTD) institutional sentiment decreased to 0.48 in Q2 2016. Its down -1.21, from 1.69 in 2016Q1. The ratio has worsened, as 11 institutional investors increased or started new stock positions, while 23 sold and reduced their holdings in Nuveen Tax-advantaged Dividend Growth Fund. The institutional investors in our partner’s database now possess: 1.73 million shares, down from 2.25 million shares in 2016Q1. Also, the number of institutional investors holding Nuveen Tax-advantaged Dividend Growth Fund in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 10 Reduced: 13 Increased: 7 New Position: 4.

Nuveen Tax-Advantaged Dividend Growth Fund is a diversified closed-end registered investment company. The company has a market cap of $199.47 million. The Fund’s investment objective is to provide an attractive level of tax-advantaged distributions and capital appreciation by investing in dividend-paying equity securities consisting of common stocks of middle to large market capitalization companies that have attractive dividend income and the potential for future dividend growth and capital appreciation. It currently has negative earnings. The Fund will also invest in preferred stocks of mid- to large-cap companies and other fixed-income securities and write call options on various equity market indices.

The stock increased 0.29% or $0.04 on November 15, hitting $13.93. Nuveen Tax-Advantaged Dividend Growth Fd (NYSE:JTD) has risen 0.87% since April 14, 2016 and is uptrending. It has underperformed by 3.82% the S&P500.

Shaker Financial Services Llc holds 1.97% of its portfolio in Nuveen Tax-Advantaged Dividend Growth Fd for 198,232 shares. Jacobus Wealth Management Inc. owns 148,745 shares or 0.65% of their US portfolio. Moreover, Bkd Wealth Advisors Llc has 0.07% invested in the company for 33,517 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.06% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 200,673 shares.#img1#

JTD Company Profile

Nuveen Tax-Advantaged Dividend Growth Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective includes capital appreciation. The Fund will invest at least 80% of its managed assets in securities that are eligible to pay tax-advantaged dividends. It will invest in dividend paying equity securities consisting primarily of common stocks of mid to large-cap companies, and to a lesser extent, preferred stocks of mid to large-cap companies. The Fund also may invest in other preferred securities, including trust preferred securities, convertible preferred securities and real estate investment trust preferred securities, each of which may pay fully taxable dividends, and other fixed-income securities. The Fund, to a limited extent, will write (sell) index call options on various equity market indices. The Fund seeks to invest more than 25% of its managed assets in equity securities of companies principally engaged in the financial services sector, and to a lesser extent, in other economic sectors, such as the utilities and energy sectors.

More notable recent Nuveen Tax-Advantaged Dividend Growth Fd (NYSE:JTD) news were published by: Businesswire.com which released: “Nuveen Closed-End Funds Announce Portfolio Management Update” on January 06, 2015, also Businesswire.com with their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014, Businesswire.com published: “Nuveen Investments Announces Portfolio Management Update” on February 01, 2011. More interesting news about Nuveen Tax-Advantaged Dividend Growth Fd (NYSE:JTD) were released by: Seekingalpha.com and their article: “Equity CEFs: More Funds For A Market Rebound” published on April 05, 2016 as well as Seekingalpha.com‘s news article titled: “Tax-Advantaged Preferred Stocks: Does It Really Matter?” with publication date: February 20, 2012.

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By Dolores Ford


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