Stock Price Action: J.P. Morgan Securities Llc Just Disclosed New Nuveen Enhanced Municipal Credit Opportunities Fund Position

Stock Price Action: J.P. Morgan Securities Llc Just Disclosed New Nuveen Enhanced Municipal Credit Opportunities Fund Position

The New J.P. Morgan Securities Llc Holding in Nuveen Enhanced Municipal Credit Opportunities Fund

J.P. Morgan Securities Llc filed with the SEC SC 13G form for Nuveen Enhanced Municipal Credit Opportunities Fund. The form can be accessed here: 000119312516735587. As reported in J.P. Morgan Securities Llc’s form, the filler as of late owns 12.38% or 1,502 shares of the Finance–company.

Nuveen Enhanced Municipal Credit Opportunities Fund stake is a new one for the and it was filed because of activity on September28, 2016. We feel this shows J.P. Morgan Securities Llc’s positive view for the stock.

Business Profile

Nuveen Enhanced Municipal Credit Opportunities Fund, formerly Nuveen Dividend Advantage Municipal Fund 3, is a diversified, closed-end management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain the United States territories. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests approximately 55% of its managed assets in municipal securities rated at the time of investment Baa/BBB and below or judged by the manager to be of comparable quality. The Fund invests in a range of sectors, including healthcare, transportation, tax obligation/general, tax obligation/limited, consumer staples, utilities, water and sewer, education and civic organizations and industrials. Nuveen Fund Advisors, LLC serves as the investment advisor of the Fund.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

About 307,357 shares traded hands. Nuveen Enhanced Municipal Crdt Opptys Fd (NYSE:NZF) has risen 4.01% since March 8, 2016 and is uptrending. It has underperformed by 5.30% the S&P500.

Nuveen Enhanced Municipal Credit Opportunities Fund, formerly Nuveen Dividend Advantage Municipal Fund 3, is a diversified, closed-end management investment company. The company has a market cap of $2.17 billion. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain the United States territories. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal income taxes.

More notable recent Nuveen Enhanced Municipal Crdt Opptys Fd (NYSE:NZF) news were published by: Businesswire.com which released: “Nuveen Announces Completion of National Municipal Closed-End Fund Mergers” on April 11, 2016, also Seekingalpha.com with their article: “CEF Strategies: Another Valuation Headscratcher In Municipal Bond CEFs” published on October 11, 2016, Businesswire.com published: “Two Nuveen Municipal Closed-End Funds Transfer to New York Stock Exchange” on April 04, 2016. More interesting news about Nuveen Enhanced Municipal Crdt Opptys Fd (NYSE:NZF) were released by: Businesswire.com and their article: “Fitch Rates VRDP Shares Issued by Nuveen Enhanced AMT-Free Muni Credit …” published on June 16, 2016 as well as Businesswire.com‘s news article titled: “Nuveen Closed-End Funds’ Board Approves Fund Mergers and Portfolio Repositionings” with publication date: August 26, 2015.

NZF Company Profile

Nuveen Dividend Advantage Municipal Fund 3 (the Fund) is a closed-end, diversified management investment company. The Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities or certain United States territories.

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