Nuveen Connecticut Premium Income Mun Fd (NTC) Hits New 1-Year High at $12.56

Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC) shares hit a new 52-week high on Wednesday . The stock traded as high as $12.56 and last traded at $12.54, with a volume of 9 shares. The stock had previously closed at $12.46.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.041 per share. This represents a $0.49 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, May 14th.

Several institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its stake in Nuveen Connecticut Premium Income Mun Fd by 68.3% during the fourth quarter. Sit Investment Associates Inc. now owns 504,432 shares of the investment management company’s stock valued at $5,680,000 after purchasing an additional 204,631 shares during the last quarter. Greenwich Wealth Management LLC grew its position in Nuveen Connecticut Premium Income Mun Fd by 3.2% in the fourth quarter. Greenwich Wealth Management LLC now owns 138,785 shares of the investment management company’s stock worth $1,563,000 after acquiring an additional 4,364 shares in the last quarter. Next Capital Management LLC bought a new stake in Nuveen Connecticut Premium Income Mun Fd in the fourth quarter worth approximately $493,000. Commonwealth Equity Services LLC grew its position in Nuveen Connecticut Premium Income Mun Fd by 10.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 162,807 shares of the investment management company’s stock worth $1,833,000 after acquiring an additional 15,423 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Nuveen Connecticut Premium Income Mun Fd in the fourth quarter worth approximately $196,000. Institutional investors and hedge funds own 26.10% of the company’s stock.

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About Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC)

Nuveen Connecticut Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Connecticut. The fund invests into undervalued municipal securities and other related investments the income from which is exempt from regular federal and Connecticut income taxes.

See Also: Compound Annual Growth Rate (CAGR)

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