Nuveen Corporate Income 2023 Target Term Fund (NYSE:JHAA – Get Rating) declared a monthly dividend on Tuesday, April 4th, Zacks reports. Investors of record on Friday, April 14th will be given a dividend of 0.019 per share on Monday, May 1st. This represents a $0.23 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, April 13th.
Nuveen Corporate Income 2023 Target Term Fund has decreased its dividend payment by an average of 16.5% annually over the last three years.
Get Nuveen Corporate Income 2023 Target Term Fund alerts:Nuveen Corporate Income 2023 Target Term Fund Price Performance
Shares of JHAA traded up $0.03 during midday trading on Wednesday, reaching $9.22. 8,035 shares of the stock were exchanged, compared to its average volume of 10,831. Nuveen Corporate Income 2023 Target Term Fund has a 52 week low of $8.75 and a 52 week high of $9.59. The company's 50 day moving average is $9.21 and its two-hundred day moving average is $9.12.
Institutional Investors Weigh In On Nuveen Corporate Income 2023 Target Term Fund
Several institutional investors and hedge funds have recently made changes to their positions in JHAA. Susquehanna International Group LLP acquired a new stake in shares of Nuveen Corporate Income 2023 Target Term Fund during the fourth quarter worth about $305,000. Cetera Investment Advisers acquired a new position in Nuveen Corporate Income 2023 Target Term Fund during the fourth quarter valued at $133,000. UBS Group AG lifted its position in Nuveen Corporate Income 2023 Target Term Fund by 332.6% during the third quarter. UBS Group AG now owns 4,361 shares of the company's stock valued at $39,000 after purchasing an additional 3,353 shares during the period. LPL Financial LLC lifted its position in Nuveen Corporate Income 2023 Target Term Fund by 41.2% during the second quarter. LPL Financial LLC now owns 23,004 shares of the company's stock valued at $204,000 after purchasing an additional 6,714 shares during the period. Finally, Rivernorth Capital Management LLC acquired a new position in Nuveen Corporate Income 2023 Target Term Fund during the first quarter valued at $848,000.
About Nuveen Corporate Income 2023 Target Term Fund
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Nuveen Corporate Income 2023 Target Term Fund seeks to provide a high level of current income and return the original $9.875 net asset value per common share on or about 1 Dec 2023.*
The Fund invests in a portfolio of primarily corporate debt securities, including bonds and senior loans. The Fund may invest in other types of securities including convertible securities and other types of debt instruments and derivatives that provide comparable economic exposure to the corporate debt market.
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