Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.90 and traded as low as $11.61. Nuveen Quality Municipal Income Fund shares last traded at $11.6250, with a volume of 456,099 shares trading hands.

Nuveen Quality Municipal Income Fund Stock Performance

The firm’s 50 day moving average is $11.87 and its 200 day moving average is $11.90.

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Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Nuveen Quality Municipal Income Fund by 7.3% during the first quarter. Royal Bank of Canada now owns 684,939 shares of the financial services provider’s stock valued at $7,891,000 after buying an additional 46,832 shares during the period. Jane Street Group LLC bought a new position in Nuveen Quality Municipal Income Fund in the 1st quarter worth about $274,000. Focus Partners Wealth increased its stake in Nuveen Quality Municipal Income Fund by 74.5% in the 1st quarter. Focus Partners Wealth now owns 20,698 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 8,834 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Nuveen Quality Municipal Income Fund by 6.9% in the 2nd quarter. Invesco Ltd. now owns 194,758 shares of the financial services provider’s stock valued at $2,199,000 after acquiring an additional 12,620 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 27.1% in the 2nd quarter. Cresset Asset Management LLC now owns 21,256 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 4,538 shares in the last quarter.

Nuveen Quality Municipal Income Fund Company Profile

(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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