City of London Investment Management Co. Ltd. Has $2.87 Million Stake in Nuveen Intermediate Duration Munpl Tm Fd (NID)

City of London Investment Management Co. Ltd. lifted its stake in Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) by 56.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,657 shares of the investment management company’s stock after purchasing an additional 83,141 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Nuveen Intermediate Duration Munpl Tm Fd were worth $2,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NID. Whittier Trust Co. of Nevada Inc. bought a new position in Nuveen Intermediate Duration Munpl Tm Fd in the 2nd quarter valued at approximately $126,000. Cambridge Investment Research Advisors Inc. bought a new position in Nuveen Intermediate Duration Munpl Tm Fd in the 2nd quarter valued at approximately $167,000. NINE MASTS CAPITAL Ltd lifted its position in Nuveen Intermediate Duration Munpl Tm Fd by 385.4% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 19,900 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 15,800 shares in the last quarter. SG Americas Securities LLC bought a new position in Nuveen Intermediate Duration Munpl Tm Fd in the 2nd quarter valued at approximately $342,000. Finally, Guggenheim Capital LLC lifted its position in Nuveen Intermediate Duration Munpl Tm Fd by 163.1% in the 1st quarter. Guggenheim Capital LLC now owns 32,524 shares of the investment management company’s stock valued at $409,000 after acquiring an additional 20,162 shares in the last quarter.

NID stock opened at $12.23 on Friday. Nuveen Intermediate Duration Munpl Tm Fd has a 12-month low of $11.99 and a 12-month high of $13.43.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a $0.043 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.52 annualized dividend and a yield of 4.22%.

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About Nuveen Intermediate Duration Munpl Tm Fd

Nuveen Intermediate Duration Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in fixed income markets of the United States. The fund primarily invests in municipal securities that are exempt from federal income taxes.

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Institutional Ownership by Quarter for Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

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