Insider Buying: Nuveen High Income Dec 2018 Trgt Trm Fnd (JHA) VP Buys 3,000 Shares of Stock

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Nuveen High Income Dec 2018 Trgt Trm Fnd (NYSE:JHA) VP David J. Lamb acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were acquired at an average price of $9.82 per share, with a total value of $29,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

JHA opened at $9.80 on Friday. Nuveen High Income Dec 2018 Trgt Trm Fnd has a 52-week low of $9.67 and a 52-week high of $10.14.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be paid a dividend of $0.027 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.32 annualized dividend and a yield of 3.31%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in Nuveen High Income Dec 2018 Trgt Trm Fnd by 11.7% during the first quarter. Wells Fargo & Company MN now owns 542,402 shares of the company’s stock worth $5,310,000 after buying an additional 56,879 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Nuveen High Income Dec 2018 Trgt Trm Fnd by 8.4% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 328,391 shares of the company’s stock valued at $3,214,000 after purchasing an additional 25,383 shares during the period. UBS Group AG boosted its stake in shares of Nuveen High Income Dec 2018 Trgt Trm Fnd by 6.0% in the first quarter. UBS Group AG now owns 204,151 shares of the company’s stock valued at $1,999,000 after purchasing an additional 11,538 shares during the period. Royal Bank of Canada boosted its stake in shares of Nuveen High Income Dec 2018 Trgt Trm Fnd by 39.7% in the first quarter. Royal Bank of Canada now owns 199,070 shares of the company’s stock valued at $1,949,000 after purchasing an additional 56,580 shares during the period. Finally, BB&T Securities LLC boosted its stake in shares of Nuveen High Income Dec 2018 Trgt Trm Fnd by 7.6% in the fourth quarter. BB&T Securities LLC now owns 147,383 shares of the company’s stock valued at $1,460,000 after purchasing an additional 10,400 shares during the period.

About Nuveen High Income Dec 2018 Trgt Trm Fnd

Nuveen High Income December 2018 Target Term Fund (the Fund) is a closed-end fund. The Fund’s objective is to provide a high level of current income. The Fund invests in at least 80% of their managed assets in corporate debt securities. The Fund invests at least 80% of their managed assets in securities that are rated below investment grade and invests no more than 15% of the Fund’s managed asset in securities that are rated lower, or are unrated.

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