November 16, 2016 - By Vivian Park · 0 Comments
Nuveen Select Tax Free Income Portfolio 3 (NYSE:NXR) institutional sentiment decreased to 0.31 in 2016 Q2. Its down -0.77, from 1.08 in 2016Q1. The ratio is negative, as 4 investment managers increased and started new stock positions, while 13 cut down and sold holdings in Nuveen Select Tax Free Income Portfolio 3. The investment managers in our partner’s database now possess: 729,544 shares, down from 872,765 shares in 2016Q1. Also, the number of investment managers holding Nuveen Select Tax Free Income Portfolio 3 in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 7 Increased: 4 New Position: 0.
Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The company has a market cap of $186.17 million. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations. It currently has negative earnings. The Fund’s portfolio composition includes various sectors, such as tax obligation/limited, tax obligation/general, healthcare, transportation, consumer staples, the United States guaranteed and Other.
About 9,476 shares traded hands. Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) has declined 6.15% since April 14, 2016 and is downtrending. It has underperformed by 10.84% the S&P500.
Tortoise Investment Management Llc holds 0.54% of its portfolio in Nuveen Select Tax-Free Incom Portfolio 3 for 96,798 shares. Thomas J. Herzfeld Advisors Inc. owns 7,772 shares or 0.07% of their US portfolio. Moreover, Capital Investment Advisors Llc has 0.04% invested in the company for 27,225 shares. The Colorado-based Rocky Mountain Advisers Llc has invested 0.04% in the stock. Tradewinds Capital Management Llc, a Washington-based fund reported 2,438 shares.#img1#
Nuveen Select Tax-Free Income Portfolio 3 (the Fund) is a closed-end diversified management investment company. The Fund invests substantially all of its assets in a diversified portfolio of long-term, investment-grade quality municipal obligations. The Fund may invest up to 20% of its assets in unrated municipal obligations.
More recent Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) news were published by: Businesswire.com which released: “Nuveen Announces Update to Closed-End Fund Portfolio Management Team” on May 26, 2016. Also Nasdaq.com published the news titled: “Nuveen Insured California Select Tax-Free Income Portfolio (NXC) Ex-Dividend …” on October 11, 2016. Benzinga.com‘s news article titled: “Citi Analysts: ON Shouldn’t Sweat NXP’s Standard Products Sale” with publication date: June 15, 2016 was also an interesting one.
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By Vivian Park
Tags: Nuveen Select Tax