Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.0705 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th.
Nuveen Quality Municipal Income Fund Price Performance
Shares of NYSE:NAD opened at $11.88 on Tuesday. The company’s 50-day moving average is $11.70 and its 200 day moving average is $11.94. Nuveen Quality Municipal Income Fund has a fifty-two week low of $11.04 and a fifty-two week high of $12.31.
Institutional Trading of Nuveen Quality Municipal Income Fund
Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 3rd quarter valued at $29,000. Cornerstone Advisory LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 10.8% in the 3rd quarter. Cornerstone Advisory LLC now owns 885,174 shares of the financial services provider’s stock valued at $10,348,000 after acquiring an additional 86,502 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Nuveen Quality Municipal Income Fund by 2.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 99,556 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 2,246 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 8.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 91,512 shares of the financial services provider’s stock worth $1,070,000 after purchasing an additional 6,916 shares in the last quarter. Finally, GFS Advisors LLC grew its position in Nuveen Quality Municipal Income Fund by 22.7% during the third quarter. GFS Advisors LLC now owns 515,220 shares of the financial services provider’s stock valued at $6,023,000 after acquiring an additional 95,300 shares during the last quarter.
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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