Nuveen Dividend Advantage Municipal Fund Sentiment Worsening on Bad Stock Potential, Now at 0.98

Positions for Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)

In Q2 2018 Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) big money sentiment decreased to 0.98, SEC filings reveal. So its down -0.67, from 2018Q1’s 1.65. 46 investment professionals opened new and increased positions, while 47 sold and trimmed positions in Nuveen Dividend Advantage Municipal Fund so the sentiment is negative. These funds own 35.93 million shares, that’s up from 32.13 million shares in 2018Q1. Funds holding Nuveen Dividend Advantage Municipal Fund in top 10 changed to 4 from 2 for an increase of 2. In total 13 funds closed positions, 34 reduced and 32 increased. Also 14 funds bought new Nuveen Dividend Advantage Municipal Fund stakes.

Largest Nuveen Dividend Advantage Municipal Fund Investors

Karpus Management Inc. owns 9.61 million shares in Nuveen Dividend Advantage Municipal Fund as of Q2 2018. Nuveen Dividend Advantage Municipal Fund’s shareholder Robinson Capital Management Llc owns 1.13 million shares as of Q2 2018. In addition, Rivernorth Capital Management Llc reported 2.14 million shares in Nuveen Dividend Advantage Municipal Fund equivalent to 2.24% of its US long equity exposure. The Texas-based fund Oxbow Advisors Llc have invested about 2.02% of the fund’s stock portfolio in Nuveen Dividend Advantage Municipal Fund. The New York-based fund Mariner Investment Group Llc looks positive on Nuveen Dividend Advantage Municipal Fund, owning 39,259 shares.

Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc.The firm is worth $2.55 billion. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.The P/E ratio is 25.56. It invests in the fixed income markets of the United States.

The stock decreased 0.32% or $0.04 during the last trading session, touching $12.65.Nuveen Quality Municipal Income Fund is downtrending after having declined 9.10% since December 8, 2017. NAD has 689,191 volume or 27.93% up from normal. The stock underperformed the S&P 500 by 24.72%.

Karpus Inc has invested 5.6% of its capital in Nuveen Quality Municipal Income Fund (NYSE:NAD). Charter Commerce stated it has 0.02% in Nuveen Quality Municipal Income Fund (NYSE:NAD). Carroll Assocs accumulated 925 shs or 0% of the stock. Horizon Kinetics Limited Liability Co holds 112,236 shs or 0.04% of its capital. Park Avenue Securities Llc holds 0.08% or 34,283 shs. 1832 Asset Management L P accumulated 170,000 shs or 0.01% of the stock. Bokf Na, Oklahoma-based fund reported 77,895 shs. Janney Montgomery Scott Llc accumulated 18,089 shs. Advisory Ntwk Ltd Llc has 800 shs. Cetera Advisor Netwr Ltd Liability Co reported 26,320 shs. Northwestern Mutual Wealth Mgmt has 76,670 shs. Cliftonlarsonallen Wealth Advsrs Ltd Liability Corporation reported 0.04% in Nuveen Quality Municipal Income Fund (NYSE:NAD). Financial Bank Of Montreal Can stated it has 62,062 shs or 0% of all its holdings. Archford Strategies Ltd Liability Corporation has invested 0.09% in Nuveen Quality Municipal Income Fund (NYSE:NAD). Fifth Third Bank & Trust accumulated 21,679 shs.

Nuveen Quality Municipal Income Fund had 1 insider sale and 0 insider purchases since September 21, 2018. This’s net activity of $56,673.

For more Nuveen Quality Municipal Income Fund (NYSE:NAD) news announced briefly go to: Streetinsider.com, Businessinsider.com, Investorplace.com, Businesswire.com or Cnbc.com. The titles are as follows: “Rockwell Automation (ROK) to Make $1B Investment in PTC (PTC) – StreetInsider.com” announced on June 11, 2018, “Coinbase snags an executive from the New York Stock Exchange as it tries to become the Google of crypto – Business Insider” on March 08, 2018, “Canopy Growth Stock Is Trading at Dot Com Bubble Prices – Investorplace.com” with a publish date: September 25, 2018, “Nuveen Closed-End Funds Declare Distributions – Business Wire” and the last “Dow closes above 22,000 for the first time after Apple jumps on earnings – CNBC” with publication date: August 01, 2017.

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