Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) Share Price Crosses Above Two Hundred Day Moving Average of $15.67

Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.67 and traded as high as $16.00. Nuveen Select Tax-Free Incom Portfolio 3 shares last traded at $15.86, with a volume of 8,869 shares trading hands.

Separately, Peel Hunt restated a “buy” rating and issued a $260.00 target price on shares of Nuveen Select Tax-Free Incom Portfolio 3 in a research note on Thursday, October 17th.

The business has a 50 day moving average of $15.93 and a 200 day moving average of $15.67.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.043 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.52 annualized dividend and a yield of 3.27%.

A number of institutional investors have recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 6.9% during the third quarter. Wakefield Asset Management LLLP now owns 50,394 shares of the investment management company’s stock worth $810,000 after acquiring an additional 3,261 shares in the last quarter. Coastal Investment Advisors Inc. raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 36.9% during the third quarter. Coastal Investment Advisors Inc. now owns 37,065 shares of the investment management company’s stock worth $596,000 after acquiring an additional 10,000 shares in the last quarter. Royal Bank of Canada raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 55.8% during the second quarter. Royal Bank of Canada now owns 9,002 shares of the investment management company’s stock worth $139,000 after acquiring an additional 3,223 shares in the last quarter. Vivaldi Capital Management LLC raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 19.7% during the second quarter. Vivaldi Capital Management LLC now owns 53,725 shares of the investment management company’s stock worth $830,000 after acquiring an additional 8,851 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Nuveen Select Tax-Free Incom Portfolio 3 by 7.7% during the second quarter. LPL Financial LLC now owns 13,667 shares of the investment management company’s stock worth $211,000 after acquiring an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

About Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)

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.

Read More: How to Invest in the Dividend Aristocrat Index

Receive News & Ratings for Nuveen Select Tax-Free Incom Portfolio 3 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Select Tax-Free Incom Portfolio 3 and related companies with MarketBeat.com's FREE daily email newsletter.