Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Shares Pass Above Fifty Day Moving Average of $14.42

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.42 and traded as high as $14.48. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.47, with a volume of 4,517 shares traded.

The stock’s fifty day simple moving average is $14.42 and its 200-day simple moving average is $14.01.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.65 dividend on an annualized basis and a yield of 4.51%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Nuveen Dividend Advantage Municipal Fund by 2.9% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 321,811 shares of the financial services provider’s stock worth $4,621,000 after acquiring an additional 9,089 shares during the last quarter. Royal Bank of Canada lifted its holdings in Nuveen Dividend Advantage Municipal Fund by 86.2% in the second quarter. Royal Bank of Canada now owns 873,818 shares of the financial services provider’s stock worth $12,233,000 after acquiring an additional 404,490 shares during the last quarter. HM Payson & Co. bought a new position in Nuveen Dividend Advantage Municipal Fund in the second quarter worth about $36,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Nuveen Dividend Advantage Municipal Fund by 2.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 112,195 shares of the financial services provider’s stock worth $1,571,000 after acquiring an additional 3,183 shares during the last quarter. Finally, Smith Moore & CO. lifted its holdings in Nuveen Dividend Advantage Municipal Fund by 3.4% in the second quarter. Smith Moore & CO. now owns 59,148 shares of the financial services provider’s stock worth $828,000 after acquiring an additional 1,940 shares during the last quarter.

Nuveen Dividend Advantage Municipal Fund Company Profile (NYSE:NAD)

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.

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