Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Nuveen Quality Municipal Income Fund (NYSE:NADGet Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.96 and traded as low as $11.48. Nuveen Quality Municipal Income Fund shares last traded at $11.5750, with a volume of 1,440,302 shares.

Nuveen Quality Municipal Income Fund Stock Down 1.1%

The business has a 50 day moving average price of $11.84 and a 200 day moving average price of $11.96.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.0705 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Institutional Trading of Nuveen Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in NAD. Smartleaf Asset Management LLC purchased a new stake in Nuveen Quality Municipal Income Fund during the third quarter worth $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Nuveen Quality Municipal Income Fund during the fourth quarter worth $32,000. Align Financial LLC purchased a new stake in Nuveen Quality Municipal Income Fund during the fourth quarter worth $35,000. Noble Wealth Management PBC boosted its holdings in Nuveen Quality Municipal Income Fund by 274.6% during the fourth quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after buying an additional 2,370 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in Nuveen Quality Municipal Income Fund during the fourth quarter worth $41,000.

About Nuveen Quality Municipal Income Fund

(Get Free Report)

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.

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