Edge Wealth Management LLC Cuts Stake in Nuveen Connecticut Premium Income Mun Fd (NTC)

Edge Wealth Management LLC lessened its holdings in Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC) by 20.2% during the fourth quarter, HoldingsChannel reports. The firm owned 34,440 shares of the investment management company’s stock after selling 8,740 shares during the period. Edge Wealth Management LLC’s holdings in Nuveen Connecticut Premium Income Mun Fd were worth $388,000 as of its most recent SEC filing.

Separately, Bank of America Corp DE raised its position in Nuveen Connecticut Premium Income Mun Fd by 12.2% during the second quarter. Bank of America Corp DE now owns 95,490 shares of the investment management company’s stock worth $1,134,000 after acquiring an additional 10,355 shares in the last quarter. Institutional investors and hedge funds own 23.36% of the company’s stock.

NYSE NTC opened at $11.69 on Friday. Nuveen Connecticut Premium Income Mun Fd has a 1 year low of $11.01 and a 1 year high of $12.00.

The company also recently declared a monthly dividend, which will be paid on Friday, February 1st. Shareholders of record on Tuesday, January 15th will be given a dividend of $0.041 per share. This represents a $0.49 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, January 14th.

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Nuveen Connecticut Premium Income Mun Fd Company Profile

Nuveen Connecticut Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Connecticut. The fund invests into undervalued municipal securities and other related investments the income from which is exempt from regular federal and Connecticut income taxes.

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Want to see what other hedge funds are holding NTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC).

Institutional Ownership by Quarter for Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC)

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