Nuveen Select Tax Free Income Portfolio III (NYSE:NXR) is expected to pay $0.04 on Dec 1, 2016. The indicated annual dividend is $0.54. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Nuveen Select Tax Free Income Portfolio III’s current price of $14.70, the dividend is 0.29%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.27% or $0.04 on November 8, hitting $14.7. Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) has declined 2.46% since April 7, 2016 and is downtrending. It has underperformed by 7.24% the S&P500.
Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The company has a market cap of $191.51 million. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations. It currently has negative earnings. The Fund’s portfolio composition includes various sectors, such as tax obligation/limited, tax obligation/general, healthcare, transportation, consumer staples, the United States guaranteed and Other.
Insitutional Activity: The institutional sentiment decreased to 0.31 in Q2 2016. Its down 0.77, from 1.08 in 2016Q1. The ratio is negative, as 6 funds sold all Nuveen Select Tax-Free Incom Portfolio 3 shares owned while 7 reduced positions. 0 funds bought stakes while 4 increased positions. They now own 729,544 shares or 16.41% less from 872,765 shares in 2016Q1.
Raymond James And Assocs last reported 12,176 shares in the company. Raymond James Tru Na accumulated 0.02% or 15,922 shares. The Missouri-based Stifel Financial Corp has invested 0% in Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR). Thomas J Herzfeld Advisors Incorporated holds 7,772 shares or 0.07% of its portfolio. Tradewinds Cap Ltd Llc accumulated 0.03% or 2,438 shares. Cap Advsr Ltd Liability Corporation last reported 0.04% of its portfolio in the stock. Rocky Mountain Advisers Llc accumulated 0.04% or 500 shares. The Ontario – Canada-based Royal Natl Bank Of Canada has invested 0% in Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR). Lpl Fin Limited Liability Corporation owns 10,217 shares or 0% of their US portfolio. Morgan Stanley holds 0% of its portfolio in Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) for 164,797 shares. Commonwealth Equity Svcs last reported 0.01% of its portfolio in the stock. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Retail Bank Of America Corp De last reported 0% of its portfolio in the stock. Van Eck Associates last reported 36,127 shares in the company. Ladenburg Thalmann Finance has 0% invested in the company for 10,415 shares.
More notable recent Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) news were published by: Businesswire.com which released: “Nuveen Announces Update to Closed-End Fund Portfolio Management Team” on May 26, 2016, also Businesswire.com with their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014, 247Wallst.com published: “UBS Highlights Top Tax-Free Closed-End Municipal Bond Funds to Own (NUV, NXR …” on March 29, 2013. More interesting news about Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) were released by: Seekingalpha.com and their article: “NXR: A Good, Unleveraged Muni Bond CEF” published on March 14, 2011 as well as Benzinga.com‘s news article titled: “Citi Analysts: ON Shouldn’t Sweat NXP’s Standard Products Sale” with publication date: June 15, 2016.
NXR Company Profile
Nuveen Select Tax-Free Income Portfolio 3 (the Fund) is a closed-end diversified management investment company. The Fund invests substantially all of its assets in a diversified portfolio of long-term, investment-grade quality municipal obligations. The Fund may invest up to 20% of its assets in unrated municipal obligations.
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