Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) Sees Significant Decrease in Short Interest

Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, a decline of 93.4% from the September 15th total of 10,600 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is currently 0.0 days.

Several large investors have recently added to or reduced their stakes in JTD. First Trust Advisors LP raised its stake in shares of Nuveen Tax-Advantaged Dividend Growth Fund by 4.0% during the 1st quarter. First Trust Advisors LP now owns 131,962 shares of the company’s stock worth $2,119,000 after buying an additional 5,104 shares during the last quarter. UBS Group AG raised its stake in shares of Nuveen Tax-Advantaged Dividend Growth Fund by 12.6% during the 1st quarter. UBS Group AG now owns 351,131 shares of the company’s stock worth $5,306,000 after buying an additional 39,231 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Nuveen Tax-Advantaged Dividend Growth Fund by 176.8% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 164,755 shares of the company’s stock worth $2,489,000 after buying an additional 105,231 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Nuveen Tax-Advantaged Dividend Growth Fund during the 1st quarter worth $156,000. Finally, Royal Bank of Canada raised its stake in shares of Nuveen Tax-Advantaged Dividend Growth Fund by 6.0% during the 1st quarter. Royal Bank of Canada now owns 20,074 shares of the company’s stock worth $303,000 after buying an additional 1,138 shares during the last quarter.

Shares of NYSE:JTD traded up $0.12 during midday trading on Thursday, hitting $15.98. 20,225 shares of the stock were exchanged, compared to its average volume of 40,593. Nuveen Tax-Advantaged Dividend Growth Fund has a twelve month low of $11.85 and a twelve month high of $16.80. The company has a 50 day moving average price of $16.26 and a 200-day moving average price of $15.99.

The company also recently declared a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th were paid a dividend of $0.294 per share. This represents a $1.18 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Tuesday, September 14th.

Nuveen Tax-Advantaged Dividend Growth Fund Company Profile

Nuveen Tax-Advantaged Dividend Growth Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors, LLC, Santa Barbara Asset Management, Inc, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity markets of the United States.

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