Nuveen New York Dividend Advantage Municipal Fund (NYSE:NAN) Institutional Investors Sentiment Up in Q2 2018

September 16, 2018 - By Theresa Judd

Sentiment for Nuveen New York Dividend Advantage Municipal Fund (NYSE:NAN)

Nuveen New York Dividend Advantage Municipal Fund (NYSE:NAN) institutional sentiment increased to 2.2 in 2018 Q2. Its up 0.90, from 1.3 in 2018Q1. The ratio has increased, as 22 investment managers opened new or increased stock positions, while 10 reduced and sold positions in Nuveen New York Dividend Advantage Municipal Fund. The investment managers in our partner’s database now own: 3.02 million shares, up from 2.40 million shares in 2018Q1. Also, the number of investment managers holding Nuveen New York Dividend Advantage Municipal Fund in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 3 Reduced: 7 Increased: 11 New Position: 11.

Nuveen New York Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $386.59 million. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 25.93 P/E ratio. It invests in the fixed income markets of New York.

The stock decreased 0.16% or $0.02 during the last trading session, reaching $12.42. About 24,750 shares traded. Nuveen New York Quality Municipal Income Fund (NYSE:NAN) has declined 13.67% since September 16, 2017 and is downtrending. It has underperformed by 29.29% the S&P500.

Tortoise Investment Management Llc holds 1.49% of its portfolio in Nuveen New York Quality Municipal Income Fund for 430,364 shares. Karpus Management Inc. owns 328,307 shares or 0.18% of their US portfolio. Moreover, Landscape Capital Management L.L.C. has 0.1% invested in the company for 97,791 shares. The Illinois-based Guggenheim Capital Llc has invested 0.04% in the stock. Rmb Capital Management Llc, a Illinois-based fund reported 129,030 shares.

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