Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $14.98 and last traded at $15.01, with a volume of 4684 shares trading hands. The stock had previously closed at $14.91.

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0435 per share. The ex-dividend date is Friday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.48%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 2.4% during the 3rd quarter. Morgan Stanley now owns 282,583 shares of the investment management company’s stock valued at $3,957,000 after buying an additional 6,646 shares during the last quarter. 1607 Capital Partners LLC lifted its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 214.3% during the 4th quarter. 1607 Capital Partners LLC now owns 243,281 shares of the investment management company’s stock valued at $3,479,000 after buying an additional 165,883 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 22.3% during the 3rd quarter. Wells Fargo & Company MN now owns 187,678 shares of the investment management company’s stock valued at $2,627,000 after buying an additional 34,268 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 9.1% during the 4th quarter. Bank of America Corp DE now owns 108,543 shares of the investment management company’s stock valued at $1,552,000 after buying an additional 9,091 shares during the last quarter. Finally, Relative Value Partners Group LLC purchased a new position in shares of Nuveen Select Tax-Free Incom Portfolio 3 during the 4th quarter valued at $813,000. 13.36% of the stock is currently owned by hedge funds and other institutional investors.

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About Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)

Nuveen Select Tax-Free Income Portfolio 3 is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.

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