Mackay Shields adds Nuveen Performance Plus Municipal Fund (NPP) to its portfolio

Nuveen Performance Plus Municipal Fund (NPP) : Mackay Shields added new position in Nuveen Performance Plus Municipal Fund during the most recent quarter end. The investment management firm now holds 595,081 shares of Nuveen Performance Plus Municipal Fund which is valued at $9,937,853 , the company said in a statement filed on Jul 25, 2016 with the SEC.Nuveen Performance Plus Municipal Fund makes up approximately 2.02% of Mackay Shields’s portfolio.

Other Hedge Funds, Including , Jfs Wealth Advisors boosted its stake in NPP in the latest quarter, The investment management firm added 1,558 additional shares and now holds a total of 116,576 shares of Nuveen Performance Plus Municipal Fund which is valued at $1,946,819. Nuveen Performance Plus Municipal Fund makes up approx 0.53% of Jfs Wealth Advisors’s portfolio.Hollencrest Securities reduced its stake in NPP by selling 1,920 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 27,830 shares of NPP which is valued at $466,431. Nuveen Performance Plus Municipal Fund makes up approx 0.07% of Hollencrest Securities’s portfolio. Summit Financial Wealth Advisors added NPP to its portfolio by purchasing 13,700 company shares during the most recent quarter which is valued at $229,612. Nuveen Performance Plus Municipal Fund makes up approx 0.09% of Summit Financial Wealth Advisors’s portfolio.

Nuveen Performance Plus Municipal Fund closed down -0.05 points or -0.30% at $16.72 with 1,96,972 shares getting traded on Friday. Post opening the session at $16.82, the shares hit an intraday low of $16.66 and an intraday high of $16.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Nuveen Performance Plus Municipal Fund Inc. is a diversified closed-end investment company. The primary objective of the Fund is current income exempt from regular federal income tax. The Fund’s secondary investment objective is to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality of which up to 10% of its managed assets may be rated below of comparable quality. The Fund invests in sectors such as healthcare transportation utilities and consumer staples among others. It is managed by Nuveen Asset Management LLC.

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