November 17, 2016 - By Nellie Frank · 0 Comments
Nuveen New York Dividend Advantage Municipal Fund (NYSE:NAN) institutional sentiment decreased to 0.29 in 2016 Q2. Its down -0.79, from 1.08 in 2016Q1. The ratio dived, as 5 investment professionals opened new and increased stock positions, while 17 trimmed and sold stakes in Nuveen New York Dividend Advantage Municipal Fund. The investment professionals in our partner’s database now have: 2.56 million shares, down from 2.98 million shares in 2016Q1. Also, the number of investment professionals holding Nuveen New York Dividend Advantage Municipal Fund in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 11 Increased: 3 New Position: 2.
Nuveen New York Dividend Advantage Municipal Fund is a closed-end fund . The company has a market cap of $419.57 million. The Firm invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. It currently has negative earnings. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager.
The stock decreased 1.40% or $0.19 on November 16, hitting $13.38. Nuveen New York Dividend Advntg Mncpl Fd (NYSE:NAN) has declined 11.21% since April 15, 2016 and is downtrending. It has underperformed by 15.84% the S&P500.
Tortoise Investment Management Llc holds 5.09% of its portfolio in Nuveen New York Dividend Advntg Mncpl Fd for 931,815 shares. Strategic Advisors Llc owns 36,174 shares or 0.33% of their US portfolio. Moreover, Fic Capital Inc has 0.09% invested in the company for 12,260 shares. The Illinois-based Guggenheim Capital Llc has invested 0.03% in the stock. Horizon Kinetics Llc, a New York-based fund reported 71,733 shares.#img1#
Another recent and important Nuveen New York Dividend Advntg Mncpl Fd (NYSE:NAN) news was published by Businesswire.com which published an article titled: “Nuveen Announces Completion of National Municipal Closed-End Fund Mergers” on April 11, 2016.
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By Nellie Frank