Nuveen Select Tax-Free Incom Portfolio 3 (NXR) Hits New 12-Month High at $15.19

Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.19 and last traded at $15.19, with a volume of 6072 shares trading hands. The stock had previously closed at $15.10.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.0435 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, May 14th.

A number of large investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 2.4% in the third quarter. Morgan Stanley now owns 282,583 shares of the investment management company’s stock worth $3,957,000 after buying an additional 6,646 shares in the last quarter. 1607 Capital Partners LLC increased its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 214.3% during the fourth quarter. 1607 Capital Partners LLC now owns 243,281 shares of the investment management company’s stock worth $3,479,000 after purchasing an additional 165,883 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 7.7% during the first quarter. Tortoise Investment Management LLC now owns 194,715 shares of the investment management company’s stock worth $2,868,000 after purchasing an additional 14,001 shares in the last quarter. Bank of America Corp DE increased its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 9.1% during the fourth quarter. Bank of America Corp DE now owns 108,543 shares of the investment management company’s stock worth $1,552,000 after purchasing an additional 9,091 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 8.0% during the first quarter. Commonwealth Equity Services LLC now owns 91,601 shares of the investment management company’s stock worth $1,349,000 after purchasing an additional 6,760 shares in the last quarter. 13.35% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/05/13/nuveen-select-tax-free-incom-portfolio-3-nxr-hits-new-12-month-high-at-15-19.html.

Nuveen Select Tax-Free Incom Portfolio 3 Company Profile (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.

Further Reading: What is the downside to momentum investing?

Receive News & Ratings for Nuveen Select Tax-Free Incom Portfolio 3 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Select Tax-Free Incom Portfolio 3 and related companies with MarketBeat.com's FREE daily email newsletter.