Janney Montgomery Scott LLC raised its position in shares of Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) by 50.8% during the second quarter, HoldingsChannel reports. The firm owned 173,742 shares of the investment management company’s stock after purchasing an additional 58,551 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Intermediate Duration Munpl Tm Fd were worth $2,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. purchased a new stake in Nuveen Intermediate Duration Munpl Tm Fd during the first quarter valued at about $122,000. Castle Rock Wealth Management LLC purchased a new stake in Nuveen Intermediate Duration Munpl Tm Fd during the first quarter valued at about $180,000. First Foundation Advisors grew its stake in shares of Nuveen Intermediate Duration Munpl Tm Fd by 8.5% during the first quarter. First Foundation Advisors now owns 17,504 shares of the investment management company’s stock valued at $227,000 after buying an additional 1,373 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Nuveen Intermediate Duration Munpl Tm Fd during the first quarter valued at about $261,000. Finally, Cypress Wealth Services LLC grew its stake in shares of Nuveen Intermediate Duration Munpl Tm Fd by 14.0% during the second quarter. Cypress Wealth Services LLC now owns 20,345 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,500 shares during the last quarter.

Shares of NYSE:NID opened at $13.30 on Friday. The stock’s 50-day moving average price is $13.19 and its 200-day moving average price is $13.25. Nuveen Intermediate Duration Munpl Tm Fd has a 12-month low of $10.46 and a 12-month high of $14.55.

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.043 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.88%.

Nuveen Intermediate Duration Munpl Tm Fd Profile

Nuveen Intermediate Duration Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in fixed income markets of the United States. The fund primarily invests in municipal securities that are exempt from federal income taxes.

Further Reading: What is a closed-end mutual fund (CEF)?

Want to see what other hedge funds are holding NID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID).

Institutional Ownership by Quarter for Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

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