Relative Value Partners Group LLC Acquires 5,502 Shares of Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)

Relative Value Partners Group LLC grew its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,322 shares of the investment management company’s stock after purchasing an additional 5,502 shares during the period. Relative Value Partners Group LLC’s holdings in Nuveen Select Tax-Free Incom Portfolio 3 were worth $920,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 2.4% during the third quarter. Morgan Stanley now owns 282,583 shares of the investment management company’s stock valued at $3,957,000 after purchasing an additional 6,646 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 214.3% during the fourth quarter. 1607 Capital Partners LLC now owns 243,281 shares of the investment management company’s stock valued at $3,479,000 after purchasing an additional 165,883 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 7.7% during the first quarter. Tortoise Investment Management LLC now owns 194,715 shares of the investment management company’s stock valued at $2,868,000 after purchasing an additional 14,001 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 9.1% during the fourth quarter. Bank of America Corp DE now owns 108,543 shares of the investment management company’s stock valued at $1,552,000 after purchasing an additional 9,091 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 8.0% during the first quarter. Commonwealth Equity Services LLC now owns 91,601 shares of the investment management company’s stock valued at $1,349,000 after purchasing an additional 6,760 shares during the last quarter. Hedge funds and other institutional investors own 15.40% of the company’s stock.

Shares of NXR traded down $0.01 on Friday, hitting $15.39. 12,086 shares of the stock traded hands, compared to its average volume of 20,035. Nuveen Select Tax-Free Incom Portfolio 3 has a one year low of $13.90 and a one year high of $15.57.

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, June 13th.

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Nuveen Select Tax-Free Incom Portfolio 3 Company Profile

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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Institutional Ownership by Quarter for Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)

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