Mpam Credit Trading Partners Lowers stake in Nuveen Dividend Advantage Municipal Fd 3 (NZF)

Nuveen Dividend Advantage Municipal Fd 3 (NZF) : Mpam Credit Trading Partners reduced its stake in Nuveen Dividend Advantage Municipal Fd 3 by 17.22% during the most recent quarter end. The investment management company now holds a total of 106,202 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $1.6 Million after selling 22,087 shares in Nuveen Dividend Advantage Municipal Fd 3 , the firm said in a disclosure report filed with the SEC on May 13, 2016.Nuveen Dividend Advantage Municipal Fd 3 makes up approximately 4.02% of Mpam Credit Trading Partners’s portfolio.

Other Hedge Funds, Including , Arete Wealth Advisors boosted its stake in NZF in the latest quarter, The investment management firm added 4,914 additional shares and now holds a total of 30,938 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $477,373. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.30% of Arete Wealth Advisors’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in NZF in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 31,960 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $493,143. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.04% of Stratos Wealth Partners Ltd.’s portfolio.Hilton Capital Management boosted its stake in NZF in the latest quarter, The investment management firm added 17,295 additional shares and now holds a total of 46,795 shares of Nuveen Dividend Advantage Municipal Fd 3 which is valued at $722,983. Nuveen Dividend Advantage Municipal Fd 3 makes up approx 0.25% of Hilton Capital Management’s portfolio.

Nuveen Dividend Advantage Municipal Fd 3 closed down -0.01 points or -0.06% at $15.45 with 2,39,206 shares getting traded on Wednesday. Post opening the session at $15.45, the shares hit an intraday low of $15.42 and an intraday high of $15.48 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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