LPL Financial LLC reduced its position in shares of Nuveen Diversified Dividend & Income Fd. (NYSE:JDD) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,616 shares of the company’s stock after selling 1,894 shares during the period. LPL Financial LLC’s holdings in Nuveen Diversified Dividend & Income Fd. were worth $716,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JDD. Advisors Asset Management Inc. boosted its position in Nuveen Diversified Dividend & Income Fd. by 58.6% during the third quarter. Advisors Asset Management Inc. now owns 115,574 shares of the company’s stock valued at $1,260,000 after purchasing an additional 42,696 shares during the last quarter. First Trust Advisors LP boosted its position in Nuveen Diversified Dividend & Income Fd. by 2.7% during the third quarter. First Trust Advisors LP now owns 223,156 shares of the company’s stock valued at $2,432,000 after purchasing an additional 5,797 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Nuveen Diversified Dividend & Income Fd. during the third quarter valued at approximately $129,000. City of London Investment Management Co. Ltd. acquired a new position in Nuveen Diversified Dividend & Income Fd. during the third quarter valued at approximately $807,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Nuveen Diversified Dividend & Income Fd. by 14.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,700 shares of the company’s stock valued at $154,000 after buying an additional 2,100 shares during the last quarter.

JDD opened at $10.36 on Thursday. Nuveen Diversified Dividend & Income Fd. has a 12-month low of $8.55 and a 12-month high of $12.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.2175 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 8.40%.

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Nuveen Diversified Dividend & Income Fd. Profile

Nuveen Diversified Dividend and Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors, LLC, NWQ Investment Management Company, LLC, Security Capital Research & Management Incorporated, Symphony Asset Management LLC, and Wellington Management Company LLP.

Further Reading: Is it better to buy a fund with a higher or lower NAV?

Institutional Ownership by Quarter for Nuveen Diversified Dividend & Income Fd. (NYSE:JDD)

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