Landscape Capital Management L.L.C. reduced its position in shares of Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) by 29.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,810 shares of the investment management company’s stock after selling 5,040 shares during the period. Landscape Capital Management L.L.C.’s holdings in Nuveen Select Tax-Free Incom Portfolio 3 were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NXR. Vivaldi Capital Management LLC acquired a new position in Nuveen Select Tax-Free Incom Portfolio 3 during the 3rd quarter worth approximately $185,000. Ameriprise Financial Inc. raised its stake in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 10.7% in the second quarter. Ameriprise Financial Inc. now owns 21,527 shares of the investment management company’s stock worth $315,000 after purchasing an additional 2,079 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 55.5% in the third quarter. Wells Fargo & Company MN now owns 89,788 shares of the investment management company’s stock worth $1,363,000 after purchasing an additional 32,039 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Nuveen Select Tax-Free Incom Portfolio 3 by 4.2% in the fourth quarter. Tortoise Investment Management LLC now owns 175,816 shares of the investment management company’s stock worth $2,671,000 after purchasing an additional 7,160 shares during the last quarter. 11.24% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) opened at $14.11 on Wednesday. Nuveen Select Tax-Free Incom Portfolio 3 has a 52 week low of $13.87 and a 52 week high of $15.69.

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.043 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, March 14th.

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About Nuveen Select Tax-Free Incom Portfolio 3

Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.

Want to see what other hedge funds are holding NXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR).

Institutional Ownership by Quarter for Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR)

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