Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) Sees Significant Decrease in Short Interest

Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 700 shares, a drop of 93.4% from the September 15th total of 10,600 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 0.0 days.

A number of large investors have recently modified their holdings of JTD. First Trust Advisors LP raised its holdings in Nuveen Tax-Advantaged Dividend Growth Fund by 4.0% in the first quarter. First Trust Advisors LP now owns 131,962 shares of the company’s stock valued at $2,119,000 after acquiring an additional 5,104 shares in the last quarter. UBS Group AG increased its stake in Nuveen Tax-Advantaged Dividend Growth Fund by 12.6% in the first quarter. UBS Group AG now owns 351,131 shares of the company’s stock valued at $5,306,000 after purchasing an additional 39,231 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in Nuveen Tax-Advantaged Dividend Growth Fund by 176.8% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 164,755 shares of the company’s stock valued at $2,489,000 after purchasing an additional 105,231 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Nuveen Tax-Advantaged Dividend Growth Fund in the first quarter valued at approximately $156,000. Finally, Royal Bank of Canada increased its stake in Nuveen Tax-Advantaged Dividend Growth Fund by 6.0% in the first quarter. Royal Bank of Canada now owns 20,074 shares of the company’s stock valued at $303,000 after purchasing an additional 1,138 shares during the last quarter.

NYSE:JTD traded up $0.12 during mid-day trading on Thursday, hitting $15.98. The stock had a trading volume of 20,225 shares, compared to its average volume of 40,593. The stock has a 50-day simple moving average of $16.26 and a two-hundred day simple moving average of $15.99. Nuveen Tax-Advantaged Dividend Growth Fund has a twelve month low of $11.85 and a twelve month high of $16.80.

The company also recently announced a quarterly dividend, which was paid on Friday, October 1st. Investors of record on Wednesday, September 15th were issued a $0.294 dividend. The ex-dividend date was Tuesday, September 14th. This represents a $1.18 annualized dividend and a yield of 7.36%.

Nuveen Tax-Advantaged Dividend Growth Fund Company Profile

Nuveen Tax-Advantaged Dividend Growth Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors, LLC, Santa Barbara Asset Management, Inc, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity markets of the United States.

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