Bank of America Corp DE Sells 6,913 Shares of Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

Bank of America Corp DE lowered its position in shares of Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,587 shares of the investment management company’s stock after selling 6,913 shares during the period. Bank of America Corp DE’s holdings in Nuveen Intermediate Duration Munpl Tm Fd were worth $5,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NID. Ackerman Capital Advisors LLC bought a new position in shares of Nuveen Intermediate Duration Munpl Tm Fd during the second quarter worth approximately $238,000. LPL Financial LLC increased its stake in Nuveen Intermediate Duration Munpl Tm Fd by 40.0% during the 2nd quarter. LPL Financial LLC now owns 26,749 shares of the investment management company’s stock worth $359,000 after acquiring an additional 7,644 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Nuveen Intermediate Duration Munpl Tm Fd by 115.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 63,060 shares of the investment management company’s stock worth $846,000 after acquiring an additional 33,811 shares during the period. Janney Montgomery Scott LLC increased its stake in Nuveen Intermediate Duration Munpl Tm Fd by 41.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 90,633 shares of the investment management company’s stock worth $1,217,000 after acquiring an additional 26,670 shares during the period. Finally, First Trust Advisors LP increased its stake in Nuveen Intermediate Duration Munpl Tm Fd by 9.5% during the 1st quarter. First Trust Advisors LP now owns 102,268 shares of the investment management company’s stock worth $1,345,000 after acquiring an additional 8,877 shares during the period.

Nuveen Intermediate Duration Munpl Tm Fd stock opened at $13.68 on Tuesday. The stock’s fifty day moving average price is $13.60 and its two-hundred day moving average price is $13.45. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $11.99 and a one year high of $13.81.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.043 per share. The ex-dividend date is Friday, October 11th. This represents a $0.52 dividend on an annualized basis and a yield of 3.77%.

About Nuveen Intermediate Duration Munpl Tm Fd

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.

See Also: Arbitrage

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

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