Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below 50-Day Moving Average of $10.93

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.93 and traded as low as $10.60. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.65, with a volume of 43,979 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.1 %

The business has a 50-day moving average of $10.92 and a 200-day moving average of $10.49.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. bought a new position in Nuveen Virginia Quality Municipal Income Fund during the first quarter worth about $231,000. Royal Bank of Canada grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 8.3% during the first quarter. Royal Bank of Canada now owns 23,400 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 1,803 shares during the period. Bank of America Corp DE grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 15.1% during the first quarter. Bank of America Corp DE now owns 102,936 shares of the financial services provider’s stock worth $1,464,000 after purchasing an additional 13,515 shares during the period. Captrust Financial Advisors bought a new position in Nuveen Virginia Quality Municipal Income Fund during the second quarter worth about $89,000. Finally, Raymond James & Associates grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 148.5% during the fourth quarter. Raymond James & Associates now owns 39,585 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 23,654 shares during the period. Institutional investors and hedge funds 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.