Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Nuveen Quality Municipal Income Fund (NYSE:NAD) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.43 and traded as high as $12.11. Nuveen Quality Municipal Income Fund shares last traded at $12.09, with a volume of 890,950 shares.

Nuveen Quality Municipal Income Fund Trading Up 0.9%

The stock has a 50-day moving average of $11.78 and a 200 day moving average of $11.43.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.0705 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Nuveen Quality Municipal Income Fund by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 64,426 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 2,290 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Nuveen Quality Municipal Income Fund by 17.6% during the first quarter. Envestnet Asset Management Inc. now owns 508,517 shares of the financial services provider’s stock worth $5,858,000 after purchasing an additional 76,182 shares in the last quarter. Cerity Partners LLC increased its position in shares of Nuveen Quality Municipal Income Fund by 5.0% in the 1st quarter. Cerity Partners LLC now owns 104,603 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 5,015 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Nuveen Quality Municipal Income Fund during the 1st quarter worth $139,000. Finally, Accredited Investor Services LLC acquired a new position in Nuveen Quality Municipal Income Fund in the first quarter valued at about $138,000.

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.