Do Institutional Investors Love Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ)?

June 20, 2017 - By Kurt Siggers

 Do Institutional Investors Love Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ)?

Sentiment for Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ)

Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ) institutional sentiment decreased to 1.36 in Q4 2016. Its down -0.31, from 1.67 in 2016Q3. The ratio turned negative, as 15 institutional investors opened new and increased equity positions, while 11 reduced and sold equity positions in Nuveen Intermediate Duration Quality Municipal Term Fund. The institutional investors in our partner’s database now possess: 2.40 million shares, down from 2.42 million shares in 2016Q3. Also, the number of institutional investors holding Nuveen Intermediate Duration Quality Municipal Term Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 7 Increased: 10 New Position: 5.

Nuveen Intermediate Duration Quality Municipal Term Fund is a diversified, closed-end management investment company. The company has market cap of $172.36 million. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio of primarily investment grade quality municipal securities (approximately 80% of managed assets), the income from which is exempt from regular federal income tax. It currently has negative earnings. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).

It closed at $13.16 lastly. It is down 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Karpus Management Inc. holds 0.44% of its portfolio in Nuveen Intermediate Duration Qlty Mun FD for 627,829 shares. Rivernorth Capital Management Llc owns 376,671 shares or 0.3% of their US portfolio. Moreover, Landscape Capital Management L.L.C. has 0.09% invested in the company for 52,665 shares. The Georgia-based Greatmark Investment Partners Inc. has invested 0.08% in the stock. Trust Co Of Vermont, a Vermont-based fund reported 46,433 shares.#img1#

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