Nuveen Municipal Income Fund (NYSE:NMI) Stock Price Down 0.5%

Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) fell 0.5% on Wednesday . The company traded as low as $9.17 and last traded at $9.19. 6,450 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 26,266 shares. The stock had previously closed at $9.24.

Nuveen Municipal Income Fund Price Performance

The business’s fifty day moving average is $9.28 and its two-hundred day moving average is $9.08.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Municipal Income Fund in the third quarter valued at $118,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Municipal Income Fund by 1.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 193,450 shares of the company’s stock valued at $1,664,000 after purchasing an additional 3,697 shares in the last quarter. Crestone Asset Management LLC purchased a new position in shares of Nuveen Municipal Income Fund in the third quarter valued at $91,000. 1607 Capital Partners LLC grew its holdings in shares of Nuveen Municipal Income Fund by 2.2% in the fourth quarter. 1607 Capital Partners LLC now owns 785,667 shares of the company’s stock valued at $7,228,000 after purchasing an additional 17,254 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Nuveen Municipal Income Fund by 9.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 26,920 shares of the company’s stock valued at $248,000 after purchasing an additional 2,320 shares in the last quarter. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Company Profile

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.