Relative Value Partners Group LLC Acquires 178,762 Shares of Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ)

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Relative Value Partners Group LLC lifted its holdings in shares of Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) by 47.7% in the first quarter, Holdings Channel reports. The institutional investor owned 553,186 shares of the company’s stock after purchasing an additional 178,762 shares during the quarter. Relative Value Partners Group LLC’s holdings in Nuveen Intermediate Duration Qlty Mun FD were worth $7,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in NIQ. Morgan Stanley lifted its stake in shares of Nuveen Intermediate Duration Qlty Mun FD by 57.0% in the 3rd quarter. Morgan Stanley now owns 559,039 shares of the company’s stock worth $6,882,000 after acquiring an additional 202,875 shares during the period. Bank of America Corp DE lifted its stake in Nuveen Intermediate Duration Qlty Mun FD by 1.4% during the fourth quarter. Bank of America Corp DE now owns 323,507 shares of the company’s stock valued at $3,995,000 after purchasing an additional 4,386 shares during the last quarter. Raymond James & Associates lifted its position in shares of Nuveen Intermediate Duration Qlty Mun FD by 68.3% in the 1st quarter. Raymond James & Associates now owns 200,270 shares of the company’s stock valued at $2,620,000 after acquiring an additional 81,261 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Nuveen Intermediate Duration Qlty Mun FD in the 1st quarter valued at approximately $850,000. Finally, Karpus Management Inc. purchased a new stake in shares of Nuveen Intermediate Duration Qlty Mun FD in the 4th quarter valued at approximately $758,000.

Shares of NYSE:NIQ traded down $0.03 during mid-day trading on Friday, hitting $13.27. The stock had a trading volume of 4,222 shares, compared to its average volume of 32,992. Nuveen Intermediate Duration Qlty Mun FD has a 12-month low of $11.81 and a 12-month high of $13.33.

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.032 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 2.89%.

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Nuveen Intermediate Duration Qlty Mun FD Profile

Nuveen Intermediate Duration Quality Municipal Term Fund is a close 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 into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.

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Want to see what other hedge funds are holding NIQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ).

Institutional Ownership by Quarter for Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ)

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