Morgan Stanley Smith Barney LLC recently announced the acquisition of new stake in Nuveen Taxable Municipal Income Fund (NYSE:NBB). The institutional investor has increased its shareholding in the Financial company by 7.96% to 1.31 million shares with purchase of 96339.0 shares. This fresh investment now brings its stake to 4.54% valued currently at $20.87 million. In addition, Arbor Point Advisors LLC raised its holdings by 24573.0 to 0.41 million shares. And Raymond James & Associates, Inc. has lifted its position by 50.61% or 86260.0 shares – to 0.26 million shares.
With over 0.16 million Nuveen Taxable Municipal Income Fund (NBB) shares trading Tuesday and a closing price of $16.60 on the day, the dollar volume was approximately $2.71 million. The shares have shown a negative half year performance of -8.29% and its price on 01/24/23 lost nearly -0.30%. Currently, there are 29.39M common shares owned by the public and among those 29.39M shares have been available to trade.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Nuveen Taxable Municipal Income Fund are Guggenheim Strategic Opportunitie, Invesco CEF Income Composite ETF, and Invesco Zacks Multi-Asset Income. Guggenheim Strategic Opportunitie owns 0.29 million shares of the company’s stock, all valued at over $4.63 million. Invesco Zacks Multi-Asset Income now owns shares totaling to 0.07% of the shares outstanding.
However, the script later moved the day high at 16.73, down -0.30%. The company’s stock has a 5-day price change of 1.41% and 11.11% over the past three months. NBB shares are trading 4.01% year to date (YTD), with the 12-month market performance down to -22.25% lower. It has a 12-month low price of $14.52 and touched a high of $22.01 over the same period. NBB has an average intraday trading volume of 102.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.22%, 3.52%, and -2.46% respectively.
Institutional ownership of Nuveen Taxable Municipal Income Fund (NYSE: NBB) shares accounts for 26.91% of the company’s 29.39M shares outstanding. Mutual fund holders own 2.07%, while other institutional holders and individual stakeholders account for 24.64% and 0.00% respectively.
It has a market capitalization of $487.85M. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.55% over the week and 1.94% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
