Nuveen Intermediate Duration Municipal Term Fund (NYSE:NID – Get Rating) declared a monthly dividend on Wednesday, February 1st, Zacks reports. Stockholders of record on Wednesday, February 15th will be given a dividend of 0.043 per share by the investment management company on Wednesday, March 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, February 14th.
Nuveen Intermediate Duration Municipal Term Fund has raised its dividend payment by an average of 2.4% annually over the last three years.
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Nuveen Intermediate Duration Municipal Term Fund Stock Down 0.1 %
NID stock traded down $0.01 during midday trading on Friday, hitting $13.29. 44,507 shares of the stock traded hands, compared to its average volume of 197,300. Nuveen Intermediate Duration Municipal Term Fund has a 1-year low of $12.13 and a 1-year high of $14.58. The stock's fifty day simple moving average is $13.22 and its 200-day simple moving average is $13.06.
Institutional Investors Weigh In On Nuveen Intermediate Duration Municipal Term Fund
Hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new position in Nuveen Intermediate Duration Municipal Term Fund in the 3rd quarter worth about $399,000. Rivernorth Capital Management LLC purchased a new stake in shares of Nuveen Intermediate Duration Municipal Term Fund in the first quarter valued at approximately $467,000. Baird Financial Group Inc. increased its position in shares of Nuveen Intermediate Duration Municipal Term Fund by 8.8% in the third quarter. Baird Financial Group Inc. now owns 75,812 shares of the investment management company's stock valued at $938,000 after buying an additional 6,163 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Nuveen Intermediate Duration Municipal Term Fund by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 83,245 shares of the investment management company's stock worth $1,030,000 after buying an additional 864 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Nuveen Intermediate Duration Municipal Term Fund by 56.1% during the 3rd quarter. Royal Bank of Canada now owns 85,879 shares of the investment management company's stock valued at $1,062,000 after buying an additional 30,865 shares in the last quarter.
About Nuveen Intermediate Duration Municipal Term Fund
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Nuveen Intermediate Duration Municipal Term Fund is a closed-end management investment fund. Its objective is to provide a high level of current income exempt from regular federal income tax. The company was founded on September 11, 2012 and is headquartered in Chicago, IL.
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