Nuveen Build America Bond Opp Fund (NBD) : Oxbow Advisors reduced its stake in Nuveen Build America Bond Opp Fund by 1.45% during the most recent quarter end. The investment management company now holds a total of 201,374 shares of Nuveen Build America Bond Opp Fund which is valued at $4,643,684 after selling 2,963 shares in Nuveen Build America Bond Opp Fund , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Nuveen Build America Bond Opp Fund makes up approximately 0.65% of Oxbow Advisors’s portfolio.
Other Hedge Funds, Including , Sit Investment Associates Inc boosted its stake in NBD in the latest quarter, The investment management firm added 50,900 additional shares and now holds a total of 657,294 shares of Nuveen Build America Bond Opp Fund which is valued at $15,176,918. Nuveen Build America Bond Opp Fund makes up approx 0.39% of Sit Investment Associates Inc’s portfolio.
Nuveen Build America Bond Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to provide current income through investments in taxable municipal securities. As a secondary objective the Fund will seek to enhance portfolio value and total return. The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of taxable municipal securities known as Build America Bonds (BABs). The Fund will invest at least 80% of its Managed Assets in BABs. The Funds overall goal is to outperform over time the BABs Index an unleveraged index representing the BABs market. BABs are bonds issued by state and local governments to finance capital projects such as public schools roads transportation infrastructure bridges ports and public buildings. Nuveen Asset Management (NAM) is the Funds investment adviser.