1607 Capital Partners Lowers stake in Nuveen Select Quality Municipal Fund Inc (NQS)

Nuveen Select Quality Municipal Fund Inc (NQS) : 1607 Capital Partners reduced its stake in Nuveen Select Quality Municipal Fund Inc by 1.09% during the most recent quarter end. The investment management company now holds a total of 1,230,396 shares of Nuveen Select Quality Municipal Fund Inc which is valued at $19,206,482 after selling 13,581 shares in Nuveen Select Quality Municipal Fund Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Nuveen Select Quality Municipal Fund Inc makes up approximately 1.26% of 1607 Capital Partners’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The added NQS to its portfolio by purchasing 141 company shares during the most recent quarter which is valued at $2,201. Doliver Capital Advisors added NQS to its portfolio by purchasing 25,373 company shares during the most recent quarter which is valued at $396,073. Nuveen Select Quality Municipal Fund Inc makes up approx 0.33% of Doliver Capital Advisors’s portfolio. Parametric Portfolio Associates sold out all of its stake in NQS during the most recent quarter. The investment firm sold 184,675 shares of NQS which is valued $2,882,777.Private Advisor Group reduced its stake in NQS by selling 2,864 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 32,053 shares of NQS which is valued at $501,309. Nuveen Select Quality Municipal Fund Inc makes up approx 0.02% of Private Advisor Group’s portfolio.First Trust Advisors Lp boosted its stake in NQS in the latest quarter, The investment management firm added 4,836 additional shares and now holds a total of 61,283 shares of Nuveen Select Quality Municipal Fund Inc which is valued at $961,530.

Nuveen Select Quality Municipal Fund Inc closed down -0.1119 points or -0.71% at $15.6 with 60,257 shares getting traded on Wednesday. Post opening the session at $15.73, the shares hit an intraday low of $15.59 and an intraday high of $15.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Nuveen Select Quality Municipal Fund Inc. is a diversified closed-end investment company. The Fund seeks current income exempt from regular federal income tax. The secondary investment objective is the enhancement of 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 (Baa/BBB or better by S&P Moody’s or Fitch) at the time of investment or if they are unrated are judged by the manager to be of comparable quality. The Fund may invest 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 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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