Nuveen Intermediate Duration Municipal Term Fund (NID) Research
The Nuveen Intermediate Duration Municipal Term Fund is a closed-end mutual fund dedicated to fixed income investments. Established by Nuveen Investments, Inc., its management is a collaborative effort between Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund's investment strategy primarily involves capital allocation within the United States' fixed income markets, with a particular focus on municipal securities that offer the benefit of federal income tax exemption. It specifically targets municipal debt instruments that maintain an investment-grade credit rating (Baa/BBB or higher from S&P, Moody's, or Fitch) and possess an effective duration typically ranging from 3 to 10 years. This fund began operations on December 5, 2012, and is domiciled in the United States.
Market snapshot
- Symbol
- NID
- Price
- $13.00
- Day change
- +0.15%
- Market cap
- $610.0M
- P/E ratio
- -35.14x
- 52-week range
- 12.52-13.55
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- CGM Realty Fund (CGMRX)
- Janus Henderson International Opportunities Fund (HFOAX)
- Janus Henderson International Opportunities Fund (HFOCX)
- Janus Henderson International Opportunities Fund (HFOQX)
- Janus Henderson International Opportunities Fund (HFORX)
- Janus Henderson International Opportunities Fund (HFOSX)
- Nuveen Preferred Securities & Income Opportunities Fund (JPI)
- BlackRock MuniYield California Quality Fund, Inc. (MCA)
Recent insider activity
- BANK OF AMERICA CORP /DE/ — J-Other (1750 shares) on 2023-02-21
- Stenersen Trey III — trade (0 shares) on 2022-08-04
- Black Brett — trade (0 shares) on 2022-06-01
- McCann John M. — trade (0 shares) on 2022-04-14
- ZIMMERMAN GIFFORD R — S-Sale (1500 shares) on 2021-08-18
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