Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.07 and traded as low as $12.54. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.56, with a volume of 18,329 shares.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.6 %

The firm has a fifty day moving average price of $13.07 and a 200 day moving average price of $12.54.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 6.84%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A hedge fund recently raised its stake in Nuveen Virginia Quality Municipal Income Fund stock. Janney Montgomery Scott LLC grew its position in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,594 shares of the financial services provider’s stock after purchasing an additional 12,058 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Virginia Quality Municipal Income Fund were worth $589,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.