November 17, 2016 - By Marguerite Chambers · 0 Comments
Nuveen Georgia Dividend Advantage Municipal Fund 2 (NYSE:NKG) institutional sentiment decreased to 0.31 in 2016 Q2. Its down -0.69, from 1 in 2016Q1. The ratio has worsened, as 4 active investment managers opened new and increased equity positions, while 13 decreased and sold their stock positions in Nuveen Georgia Dividend Advantage Municipal Fund 2. The active investment managers in our partner’s database reported: 492,796 shares, down from 633,524 shares in 2016Q1. Also, the number of active investment managers holding Nuveen Georgia Dividend Advantage Municipal Fund 2 in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 8 Increased: 2 New Position: 2.
Nuveen Georgia Dividend Advantage Municipal Fund 2 is a diversified, closed-end management investment company. The company has a market cap of $139.76 million. The Fund’s investment objective is to provide current income exempt from both regular federal and designated state income taxes by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories. It currently has negative earnings. It invests in municipal securities that are exempt from federal and Georgia state income taxes.
About 767 shares traded hands. Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG) has declined 6.57% since April 15, 2016 and is downtrending. It has underperformed by 11.20% the S&P500.
Greatmark Investment Partners Inc. holds 0.96% of its portfolio in Nuveen Georgia Dividend Advntg Mncpl Fd2 for 147,914 shares. Capital Investment Advisors Llc owns 120,817 shares or 0.17% of their US portfolio. Moreover, Advisory Services Network Llc has 0.01% invested in the company for 4,123 shares. The Iowa-based Cambridge Investment Research Advisors Inc. has invested 0.01% in the stock. Lpl Financial Llc, a California-based fund reported 44,661 shares.#img1#
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By Marguerite Chambers