1607 Capital Partners Lowers stake in Nuveen Dividend Advantage Municipal Fd 3 (NZF)

Nuveen Dividend Advantage Municipal Fd 3 (NZF) : 1607 Capital Partners reduced its stake in Nuveen Dividend Advantage Municipal Fd 3 by 2.23% during the most recent quarter end. The investment management company now holds a total of 1,179,446 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $18,871,136 after selling 26,945 shares in Nuveen Dividend Advantage Municipal Fd 3 , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Nuveen Dividend Advantage Municipal Fd 3 makes up approximately 1.24% of 1607 Capital Partners’s portfolio.

Other Hedge Funds, Including , Walter Keenan Financial Consulting Co Mi Adv reduced its stake in NZF by selling 7 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 81,607 shares of NZF which is valued at $1,305,712. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.36% of Walter Keenan Financial Consulting Co Mi Adv’s portfolio.Vicus Capital boosted its stake in NZF in the latest quarter, The investment management firm added 11,134 additional shares and now holds a total of 212,713 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $3,405,535. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.81% of Vicus Capital’s portfolio.Tradewinds Capital Management reduced its stake in NZF by selling 5 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 30,672 shares of NZF which is valued at $492,899. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.34% of Tradewinds Capital Management’s portfolio.Msi Financial Services Inc reduced its stake in NZF by selling 1,044 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 18,150 shares of NZF which is valued at $290,037. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Joel Isaacson reduced its stake in NZF by selling 1 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 1,346 shares of NZF which is valued at $21,428.

Nuveen Dividend Advantage Municipal Fd 3 closed down -0.03 points or -0.19% at $15.97 with 293,437 shares getting traded on Wednesday. Post opening the session at $16.03, the shares hit an intraday low of $15.97 and an intraday high of $16.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Nuveen Dividend Advantage Municipal Fund 3 is a United States-based closed-end diversified management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax and 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. The Fund invests up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. Nuveen Asset Management LLC is the sub-adviser to the Fund and an affiliate of Nuveen Investments Inc.

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Nuveen Dividend Advantage Municipal Fd 3 - Is it time to Sell?

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