Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) Stock Passes Above Two Hundred Day Moving Average of $16.06

Shares of Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.06 and traded as high as $16.65. Nuveen Select Tax-Free Incom Portfolio 3 shares last traded at $16.59, with a volume of 21,695 shares.

The firm has a fifty day moving average price of $16.44 and a 200 day moving average price of $16.07.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be given a $0.043 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.12%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 1.2% during the fourth quarter. Bank of America Corp DE now owns 101,720 shares of the investment management company’s stock worth $1,658,000 after acquiring an additional 1,244 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 16.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,487 shares of the investment management company’s stock valued at $350,000 after acquiring an additional 3,042 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Nuveen Select Tax-Free Incom Portfolio 3 during the fourth quarter valued at about $260,000. Wakefield Asset Management LLLP raised its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 2.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 51,778 shares of the investment management company’s stock valued at $844,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Coastal Investment Advisors Inc. raised its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 36.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 37,065 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 10,000 shares during the last quarter. 14.07% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Incom Portfolio 3 Company Profile (NYSE:NXR)

Nuveen Select Tax-Free Income Portfolio 3 is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.

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