Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) Share Price Crosses Above 50-Day Moving Average of $13.33

Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.33 and traded as high as $13.41. Nuveen Intermediate Duration Munpl Tm Fd shares last traded at $13.39, with a volume of 45,043 shares changing hands.

The business has a 50-day simple moving average of $13.33 and a 200-day simple moving average of $13.08.

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a $0.044 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This is a boost from Nuveen Intermediate Duration Munpl Tm Fd’s previous monthly dividend of $0.04. This represents a $0.53 dividend on an annualized basis and a yield of 3.94%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. purchased a new position in Nuveen Intermediate Duration Munpl Tm Fd during the first quarter worth about $122,000. Castle Rock Wealth Management LLC acquired a new position in Nuveen Intermediate Duration Munpl Tm Fd during the first quarter worth about $180,000. Cypress Wealth Services LLC grew its position in Nuveen Intermediate Duration Munpl Tm Fd by 14.0% during the second quarter. Cypress Wealth Services LLC now owns 20,345 shares of the investment management company’s stock worth $269,000 after buying an additional 2,500 shares during the period. Integrated Wealth Concepts LLC grew its position in Nuveen Intermediate Duration Munpl Tm Fd by 46.2% during the second quarter. Integrated Wealth Concepts LLC now owns 25,155 shares of the investment management company’s stock worth $332,000 after buying an additional 7,953 shares during the period. Finally, Advisory Services Network LLC grew its position in Nuveen Intermediate Duration Munpl Tm Fd by 9.3% during the second quarter. Advisory Services Network LLC now owns 35,088 shares of the investment management company’s stock worth $464,000 after buying an additional 3,000 shares during the period.

About Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

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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