Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) Stock Rating Reaffirmed by Peel Hunt

Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. They presently have a $260.00 price objective on the investment management company’s stock.

NXR stock opened at $15.87 on Thursday. The firm has a 50 day moving average price of $16.02 and a 200-day moving average price of $15.52. Nuveen Select Tax-Free Incom Portfolio 3 has a 52-week low of $13.90 and a 52-week high of $16.34.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 1.8% during the second quarter. Wells Fargo & Company MN now owns 224,132 shares of the investment management company’s stock valued at $3,461,000 after purchasing an additional 3,934 shares during the last quarter. Vivaldi Capital Management LLC lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 19.7% during the second quarter. Vivaldi Capital Management LLC now owns 53,725 shares of the investment management company’s stock valued at $830,000 after purchasing an additional 8,851 shares during the last quarter. Coastal Investment Advisors Inc. lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 36.9% during the third quarter. Coastal Investment Advisors Inc. now owns 37,065 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 10,000 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 7.7% during the second quarter. LPL Financial LLC now owns 13,667 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 980 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 55.8% during the second quarter. Royal Bank of Canada now owns 9,002 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 3,223 shares during the last quarter. Hedge funds and other institutional investors own 14.94% of the company’s stock.

Nuveen Select Tax-Free Incom Portfolio 3 Company Profile

Nuveen Select Tax-Free Income Portfolio 3 is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.

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