Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.52 and traded as low as $11.49. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.5150, with a volume of 19,883 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The business’s 50-day moving average is $11.52 and its two-hundred day moving average is $11.37.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.065 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 6.8%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 15.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock valued at $574,000 after buying an additional 6,785 shares in the last quarter. Readystate Asset Management LP bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $166,000. Cetera Investment Advisers bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $115,000. Landscape Capital Management L.L.C. acquired a new position in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at about $118,000. Finally, Stifel Financial Corp grew its stake in Nuveen Virginia Quality Municipal Income Fund by 2.5% in the fourth quarter. Stifel Financial Corp now owns 102,810 shares of the financial services provider’s stock valued at $1,138,000 after acquiring an additional 2,500 shares during the period. 11.68% of the stock is owned by institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment company advised by Nuveen Asset Management. The fund’s primary objective is to provide shareholders with high current income exempt from federal and Virginia state personal income taxes by investing in a diversified portfolio of municipal debt securities.

The portfolio is focused on investment-grade municipal bonds issued by the Commonwealth of Virginia and its political subdivisions, including general obligation bonds and revenue bonds financing education, transportation, public utilities and other essential infrastructure.