NZF stock touches 52-week high at $13.08 amid strong gains Via Investing.com
Showing remarkable resilience, Nuveen Dividend Advantage Municipal Fund 3 (NZF) stock rose to a 52-week high, reaching a price level of $13.08. This high number shows a significant change for this fund, which has seen a positive change of 1 year, up by 25.12%. Investors have shown more confidence in the NZF, as it navigates the volatile financial environment, bolstered by favorable market conditions and strong fund performance. The fund's ability to reach this high in a volatile market underscores its potential for continued growth and stability for shareholders.
InvestingPro Insights
Nuveen Dividend Advantage Municipal Fund 3 (NZF) continues to demonstrate its strength in the market, with InvestingPro data confirming its recent 52-week high performance. The fund's market capitalization stands at $2.53 billion, reflecting its strong presence in the municipal bond fund sector. NZF's impressive 1-year price return of 32.65% is consistent with the article's narrative of significant growth, even surpassing the stated change of 25.12%.
Investors looking for income may find NZF particularly attractive, given its remarkable yield of 7.33%. This is in line with InvestingPro's tip which highlights that NZF “pays a great dividend to shareholders.” In addition, the fund has maintained dividend payments for 24 consecutive years, demonstrating its commitment to providing consistent returns to investors.
The strength of the fund is also evidenced by its low price volatility, as noted in another InvestingPro Tip. This feature can appeal to investors who want stability in their portfolios, especially in uncertain market conditions.
For those interested in in-depth analysis, InvestingPro offers 5 additional tips that can provide valuable insight into NZF's investment potential. These tips, along with real-time metrics, can help investors make informed decisions about this high-performing municipal fund.
This article was created with the support of AI and reviewed by an editor. For more information see our T&C.
