Nuveen Ohio Quality Income Municipal Fund Sentiment Worsening on Low Stock Potential

November 10, 2018 - By Ash

Sentiment for Nuveen Ohio Quality Income Municipal Fund (NYSE:NUO)

Nuveen Ohio Quality Income Municipal Fund (NYSE:NUO) institutional sentiment decreased to 1 in 2018 Q2. Its down -0.83, from 1.83 in 2018Q1. The ratio dived, as 19 funds opened new and increased stock positions, while 19 sold and reduced stock positions in Nuveen Ohio Quality Income Municipal Fund. The funds in our partner’s database now hold: 2.62 million shares, up from 2.11 million shares in 2018Q1. Also, the number of funds holding Nuveen Ohio Quality Income Municipal Fund in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 13 Increased: 11 New Position: 8.

Nuveen Ohio Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $246.52 million. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 27.15 P/E ratio. It invests in the fixed income markets of Ohio.

The stock increased 0.38% or $0.05 during the last trading session, reaching $13.33. About 42,682 shares traded. Nuveen Ohio Quality Municipal I (NYSE:NUO) has declined 10.73% since November 10, 2017 and is downtrending. It has underperformed by 26.35% the S&P500.

Mariner Investment Group Llc holds 1.49% of its portfolio in Nuveen Ohio Quality Municipal I for 49,958 shares. Karpus Management Inc. owns 970,156 shares or 0.59% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.19% invested in the company for 46,103 shares. The Florida-based Aviance Capital Partners Llc has invested 0.14% in the stock. Investors Asset Management Of Georgia Inc Ga Adv, a Georgia-based fund reported 13,300 shares.

Since January 1, 0001, it had 2 buys, and 0 insider sales for $421,963 activity.

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