Nuveen Intermediate Duration Municipal Term Fund (NID)
Nuveen Intermediate Duration Municipal Term Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $13.00, up 0.15% on the session, giving a market capitalisation of $610.0M. On trailing twelve-month figures it carries a trailing P/E of -35.14, a net margin of 102.0%. Its beta of 0.28 implies it has historically moved less than the broad market.
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.
Nuveen Intermediate Duration Municipal Term Fund is most often compared with the following Financial Services names: