Northwestern Mutual Wealth Management Co. Invests $189,000 in Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG) Stock

Northwestern Mutual Wealth Management Co. bought a new position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG) in the 1st quarter, Holdings Channel reports. The firm bought 15,819 shares of the asset manager’s stock, valued at approximately $189,000.

A number of other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Nuveen Georgia Dividend Advntg Mncpl Fd2 by 146.4% during the first quarter. Wells Fargo & Company MN now owns 84,556 shares of the asset manager’s stock worth $1,008,000 after buying an additional 50,238 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Nuveen Georgia Dividend Advntg Mncpl Fd2 during the first quarter worth about $153,000. 1607 Capital Partners LLC grew its position in Nuveen Georgia Dividend Advntg Mncpl Fd2 by 362.2% during the fourth quarter. 1607 Capital Partners LLC now owns 105,380 shares of the asset manager’s stock worth $1,154,000 after buying an additional 82,580 shares in the last quarter. Sound View Wealth Advisors LLC purchased a new position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 in the 4th quarter worth about $244,000. Finally, Fiera Capital Corp boosted its holdings in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 by 20.7% in the 4th quarter. Fiera Capital Corp now owns 194,172 shares of the asset manager’s stock worth $2,126,000 after purchasing an additional 33,248 shares in the last quarter.

Shares of NKG traded up $0.08 during midday trading on Wednesday, reaching $12.42. The stock had a trading volume of 3,098 shares, compared to its average volume of 23,690. Nuveen Georgia Dividend Advntg Mncpl Fd2 has a 12-month low of $10.64 and a 12-month high of $12.54.

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.037 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, June 13th.

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Nuveen Georgia Dividend Advntg Mncpl Fd2 Profile

Nuveen Georgia Quality Municipal Income Fund 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 the Georgia. The fund invests into undervalued municipal securities and other related investments the income from which is exempt from regular federal and Georgia income taxes.

Further Reading: Return On Assets

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Institutional Ownership by Quarter for Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG)

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