Karpus Management Lowers stake in Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest (NVG)

Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest (NVG) : Karpus Management reduced its stake in Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest by 17.33% during the most recent quarter end. The investment management company now holds a total of 2,246,299 shares of Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest which is valued at $36,839,304 after selling 470,812 shares in Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approximately 1.59% of Karpus Management’s portfolio.

Other Hedge Funds, Including , Relative Value Partners Group reduced its stake in NVG by selling 4,309 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 74,388 shares of NVG which is valued at $1,219,963. Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approx 0.14% of Relative Value Partners Group’s portfolio.Thrivent Financial For Lutherans boosted its stake in NVG in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 4,047 shares of Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest which is valued at $66,371. Investment Centers Of America Inc added NVG to its portfolio by purchasing 10,890 company shares during the most recent quarter which is valued at $177,507. Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest makes up approx 0.01% of Investment Centers Of America Inc’s portfolio. Janney Montgomery Scott added NVG to its portfolio by purchasing 13,718 company shares during the most recent quarter which is valued at $223,329. Arlington Capital Management sold out all of its stake in NVG during the most recent quarter. The investment firm sold 258,481 shares of NVG which is valued $4,233,919.

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Nuveen Dividend Advantage Municipal Income Fund of Beneficial Interest - Is it time to Sell?

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