Robinson Capital Management LLC Purchases New Shares in Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG)

Robinson Capital Management LLC purchased a new stake in Nuveen Georgia Dividend Advntg Mncpl Fd2 (NYSE:NKG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,089 shares of the asset manager’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC increased its position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 by 31.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 509,373 shares of the asset manager’s stock valued at $6,321,000 after purchasing an additional 121,218 shares during the last quarter. Greatmark Investment Partners Inc. increased its position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 by 5.2% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 251,792 shares of the asset manager’s stock valued at $3,125,000 after purchasing an additional 12,350 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 during the 4th quarter valued at $145,000. Royal Bank of Canada increased its position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 by 77.7% during the 2nd quarter. Royal Bank of Canada now owns 3,043 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 by 1.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 110,346 shares of the asset manager’s stock valued at $1,369,000 after purchasing an additional 1,211 shares during the last quarter.

Shares of Nuveen Georgia Dividend Advntg Mncpl Fd2 stock traded up $0.07 during trading hours on Friday, hitting $12.97. 16,186 shares of the company’s stock traded hands, compared to its average volume of 16,160. Nuveen Georgia Dividend Advntg Mncpl Fd2 has a 12-month low of $11.32 and a 12-month high of $13.07. The company has a fifty day simple moving average of $12.77 and a 200-day simple moving average of $12.55.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be given a dividend of $0.037 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, February 13th.

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: Portfolio Manager

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

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