Nuveen Quality Municipal Income Fund (NYSE:NAD – Get 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
About Nuveen Quality Municipal Income Fund
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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