November 17, 2016 - By Dolores Ford · 0 Comments
Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ) institutional sentiment decreased to 1 in Q2 2016. Its down -1.29, from 2.29 in 2016Q1. The ratio has dropped, as 13 funds increased and started new holdings, while 13 sold and decreased their stakes in Nuveen Intermediate Duration Quality Municipal Term Fund. The funds in our partner’s database now own: 2.56 million shares, down from 4.10 million shares in 2016Q1. Also, the number of funds holding Nuveen Intermediate Duration Quality Municipal Term Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 9 Increased: 10 New Position: 3.
Nuveen Intermediate Duration Quality Municipal Term Fund is a diversified, closed-end management investment company. The company has a market cap of $165.42 million. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio of primarily investment grade quality municipal securities (approximately 80% of managed assets), the income from which is exempt from regular federal income tax. It currently has negative earnings. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).
About 55,184 shares traded hands or 4.47% up from the average. Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) has declined 7.27% since April 15, 2016 and is downtrending. It has underperformed by 11.89% the S&P500.
Karpus Management Inc. holds 0.85% of its portfolio in Nuveen Intermediate Duration Qlty Mun FD for 1.21 million shares. Greatmark Investment Partners Inc. owns 13,250 shares or 0.08% of their US portfolio. Moreover, Usca Ria Llc has 0.08% invested in the company for 35,810 shares. The New York-based Clear Harbor Asset Management Llc has invested 0.07% in the stock. Hightower Advisors Llc, a Illinois-based fund reported 260,809 shares.#img1#
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By Dolores Ford