Institutional Investors Are Dumping Nuveen North Carolina Premium Income Municipal Fund (NYSE:NNC)

July 13, 2018 - By Nellie Rakes

Sentiment for Nuveen North Carolina Premium Income Municipal Fund (NYSE:NNC)

Nuveen North Carolina Premium Income Municipal Fund (NYSE:NNC) institutional sentiment decreased to 1.23 in Q1 2018. Its down -0.27, from 1.5 in 2017Q4. The ratio has dropped, as 16 funds opened new and increased holdings, while 13 trimmed and sold equity positions in Nuveen North Carolina Premium Income Municipal Fund. The funds in our partner’s database now have: 1.23 million shares, up from 1.15 million shares in 2017Q4. Also, the number of funds holding Nuveen North Carolina Premium Income Municipal Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 6 Increased: 10 New Position: 6.

Nuveen North Carolina Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $204.24 million. The fund is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 14.07 P/E ratio. It invests in the fixed income markets of North Carolina.

The stock increased 0.64% or $0.0796 during the last trading session, reaching $12.4396. About 18,295 shares traded. Nuveen North Carolina Quality Municipal Income Fund (NYSE:NNC) has declined 7.70% since July 13, 2017 and is downtrending. It has underperformed by 20.27% the S&P500.

Altavista Wealth Management Inc. holds 0.22% of its portfolio in Nuveen North Carolina Quality Municipal Income Fund for 42,924 shares. Investors Asset Management Of Georgia Inc Ga Adv owns 19,383 shares or 0.18% of their US portfolio. Moreover, Rock Point Advisors Llc has 0.1% invested in the company for 17,000 shares. The Florida-based Naples Global Advisors Llc has invested 0.07% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 56,371 shares.

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