Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Crosses Below Two Hundred Day Moving Average of $10.98

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.98 and traded as low as $10.86. Nuveen Quality Municipal Income Fund shares last traded at $10.89, with a volume of 1,092,286 shares trading hands.

Nuveen Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average of $11.23 and a two-hundred day moving average of $10.98.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in NAD. Private Trust Co. NA boosted its holdings in Nuveen Quality Municipal Income Fund by 17.0% during the third quarter. Private Trust Co. NA now owns 7,108 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 1,031 shares in the last quarter. Dakota Wealth Management boosted its holdings in Nuveen Quality Municipal Income Fund by 45.9% during the third quarter. Dakota Wealth Management now owns 456,690 shares of the financial services provider’s stock valued at $4,631,000 after purchasing an additional 143,726 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Nuveen Quality Municipal Income Fund by 6.4% during the third quarter. Stratos Wealth Partners LTD. now owns 126,188 shares of the financial services provider’s stock valued at $1,280,000 after purchasing an additional 7,561 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in Nuveen Quality Municipal Income Fund during the third quarter valued at approximately $30,000. Finally, Advisor Partners II LLC acquired a new stake in Nuveen Quality Municipal Income Fund during the third quarter valued at approximately $3,474,000.

Nuveen Quality Municipal Income Fund Company Profile

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.