Nuveen Municipal Income Fund (NYSE:NMI) Trading Up 0.2% – What’s Next?

Nuveen Municipal Income Fund, Inc. (NYSE:NMI)’s stock price shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $9.99 and last traded at $9.98. 27,861 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 26,740 shares. The stock had previously closed at $9.96.

Nuveen Municipal Income Fund Stock Up 0.2%

The stock has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.91.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.038 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 4.6%.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

Several institutional investors have recently bought and sold shares of NMI. Jones Financial Companies Lllp grew its stake in shares of Nuveen Municipal Income Fund by 34.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 482,554 shares of the company’s stock worth $4,777,000 after buying an additional 124,941 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 19.7% in the 2nd quarter. Guggenheim Capital LLC now owns 254,144 shares of the company’s stock valued at $2,554,000 after acquiring an additional 41,852 shares during the last quarter. Osaic Holdings Inc. grew its position in Nuveen Municipal Income Fund by 74.6% in the second quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after acquiring an additional 15,200 shares in the last quarter. Ameriprise Financial Inc. grew its position in Nuveen Municipal Income Fund by 137.8% in the second quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock worth $292,000 after acquiring an additional 16,864 shares in the last quarter. Finally, Apollon Financial LLC bought a new stake in Nuveen Municipal Income Fund during the third quarter worth approximately $169,000. Institutional investors own 16.57% of the company’s stock.

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.