Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Passes Below 200 Day Moving Average – Here’s Why

Nuveen Quality Municipal Income Fund (NYSE:NAD) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.98 and traded as low as $11.86. Nuveen Quality Municipal Income Fund shares last traded at $11.88, with a volume of 567,093 shares traded.

Nuveen Quality Municipal Income Fund Stock Up 0.5 %

The stock has a fifty day moving average of $11.74 and a 200-day moving average of $11.98.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.0755 per share. The ex-dividend date is Friday, February 14th. This represents a $0.91 dividend on an annualized basis and a yield of 7.59%.

Institutional Trading of Nuveen Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. WASHINGTON TRUST Co acquired a new stake in shares of Nuveen Quality Municipal Income Fund in the 4th quarter worth $26,000. Hurley Capital LLC acquired a new stake in Nuveen Quality Municipal Income Fund in the fourth quarter valued at $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund in the fourth quarter valued at about $35,000. FSA Wealth Management LLC acquired a new position in Nuveen Quality Municipal Income Fund during the third quarter worth about $37,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Nuveen Quality Municipal Income Fund by 2,211.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,606 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 3,450 shares during the period.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.