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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV – Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.06 and traded as low as $10.46. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.47, with a volume of 84,351 shares.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.8%

The business’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $11.34.

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Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. increased its stake in Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 5,721 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth $115,000. Landscape Capital Management L.L.C. acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $118,000. Finally, Brown Advisory Inc. bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at $124,000. Institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

(Get Free Report)

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.

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