Nuveen Dividend Advantage Fund Quote

NAD Fund  USD 10.94  0.08  0.73%   


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Very Weak

Odds Of Distress

Less than 17

Nuveen Dividend is trading at 10.94 as of the 16th of April 2024, a -0.73 percent decrease since the beginning of the trading day. The fund's lowest day price was 10.91. Nuveen Dividend has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Nuveen Dividend Advantage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. Nuveen Quality Municipal Income Fund was formed on January 15, 1999 and is domiciled in the United States. Nuveen Divadv is traded on New York Stock Exchange in the United States.. The company has 233.4 M outstanding shares of which 39.83 K shares are now shorted by investors with about 0.05 days to cover. More on Nuveen Dividend Advantage

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Nuveen Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nuveen Dividend's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nuveen Dividend or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanTerence Toth
Fund ConcentrationMuni National Long Funds, Asset Management, Financial Services (View all Sectors)
Update Date31st of March 2024
Nuveen Dividend Advantage [NAD] is traded in USA and was established 16th of April 2024. The fund is not categorized under any group at the present time. Nuveen Dividend Advantage now has in assets with no minimum investment requirementsThe fund is currently generating return of 0.08% with the current yeild of 0.0%, while the total return for the last 3 years was -3.18%. Nuveen Dividend Advantage has about 2.25 M in cash with 175.76 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Nuveen Dividend Probability Of Bankruptcy

Nuveen Dividend Target Price Odds Analysis

What are Nuveen Dividend's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nuveen Dividend jumping above the current price in 90 days from now is roughly 97.0%. The Nuveen Dividend Advantage probability density function shows the probability of Nuveen Dividend fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Nuveen Dividend has a beta of 0.4332. This indicates as returns on the market go up, Nuveen Dividend average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nuveen Dividend Advantage will be expected to be much smaller as well. Additionally, nuveen Dividend Advantage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 10.94HorizonTargetOdds Above 10.94
3.16%90 days
Based on a normal probability distribution, the odds of Nuveen Dividend to move above the current price in 90 days from now is roughly 97.0 (This Nuveen Dividend Advantage probability density function shows the probability of Nuveen Fund to fall within a particular range of prices over 90 days) .

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Nuveen Dividend Advantage Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nuveen Dividend market risk premium is the additional return an investor will receive from holding Nuveen Dividend long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nuveen Dividend. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nuveen Dividend's alpha and beta are two of the key measurements used to evaluate Nuveen Dividend's performance over the market, the standard measures of volatility play an important role as well.

Nuveen Dividend Against Markets

Picking the right benchmark for Nuveen Dividend fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nuveen Dividend fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nuveen Dividend is critical whether you are bullish or bearish towards Nuveen Dividend Advantage at a given time. Please also check how Nuveen Dividend's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nuveen Dividend without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Nuveen Fund?

Before investing in Nuveen Dividend, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nuveen Dividend. To buy Nuveen Dividend fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nuveen Dividend. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nuveen Dividend fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nuveen Dividend Advantage fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nuveen Dividend Advantage fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Nuveen Dividend Advantage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Nuveen Dividend Advantage?

The danger of trading Nuveen Dividend Advantage is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nuveen Dividend is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nuveen Dividend. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nuveen Dividend Advantage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Dividend Advantage. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Nuveen Dividend Advantage information on this page should be used as a complementary analysis to other Nuveen Dividend's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Please note, there is a significant difference between Nuveen Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Dividend's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.