Punch & Associates Investment Management Inc. raised its holdings in Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,454 shares of the investment management company’s stock after buying an additional 26,240 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Nuveen Intermediate Duration Munpl Tm Fd were worth $3,795,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Edge Wealth Management LLC grew its stake in shares of Nuveen Intermediate Duration Munpl Tm Fd by 5.5% in the second quarter. Edge Wealth Management LLC now owns 25,110 shares of the investment management company’s stock worth $333,000 after acquiring an additional 1,300 shares in the last quarter. First Trust Advisors LP increased its position in shares of Nuveen Intermediate Duration Munpl Tm Fd by 10.1% during the second quarter. First Trust Advisors LP now owns 118,571 shares of the investment management company’s stock worth $1,582,000 after acquiring an additional 10,882 shares during the period. BB&T Securities LLC increased its position in shares of Nuveen Intermediate Duration Munpl Tm Fd by 16.1% during the second quarter. BB&T Securities LLC now owns 25,900 shares of the investment management company’s stock worth $345,000 after acquiring an additional 3,600 shares during the period. Usca Ria LLC increased its position in shares of Nuveen Intermediate Duration Munpl Tm Fd by 12.7% during the second quarter. Usca Ria LLC now owns 73,498 shares of the investment management company’s stock worth $980,000 after acquiring an additional 8,304 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Nuveen Intermediate Duration Munpl Tm Fd by 0.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,902 shares of the investment management company’s stock worth $239,000 after acquiring an additional 132 shares during the period.

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Nuveen Intermediate Duration Munpl Tm Fd (NYSE NID) traded down 0.15% during mid-day trading on Wednesday, hitting $13.32. The stock had a trading volume of 3,207 shares. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $12.19 and a one year high of $14.11. The company has a 50 day moving average price of $13.49 and a 200-day moving average price of $13.30.

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.053 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.64 annualized dividend and a yield of 4.77%.

Nuveen Intermediate Duration Munpl Tm Fd Company Profile

Nuveen Intermediate Duration Municipal Term Fund is a diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from regular federal income tax with a secondary objective of seeking additional total return. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).

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Institutional Ownership by Quarter for Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

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