Hennion & Walsh Asset Management Inc. Sells 100,521 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMIFree Report) by 67.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,683 shares of the company’s stock after selling 100,521 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Income Fund were worth $449,000 at the end of the most recent quarter.

Separately, OneDigital Investment Advisors LLC grew its stake in shares of Nuveen Municipal Income Fund by 80.5% during the third quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company’s stock worth $223,000 after purchasing an additional 9,925 shares during the period. 16.57% of the stock is currently owned by institutional investors.

Nuveen Municipal Income Fund Trading Up 0.3 %

NYSE NMI opened at $9.68 on Tuesday. Nuveen Municipal Income Fund, Inc. has a 12 month low of $9.11 and a 12 month high of $10.30. The stock has a 50-day simple moving average of $9.54 and a 200 day simple moving average of $9.84.

Nuveen Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.038 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.71%.

Nuveen Municipal Income Fund Company Profile

(Free Report)

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.

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