Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPVGet Free Report)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.27 and traded as low as $10.91. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.93, with a volume of 59,534 shares traded.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.6%

The business’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $11.38.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.0615 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% during the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,268 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 8.8% in the first quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock worth $128,000 after buying an additional 917 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the first quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock valued at $216,000 after buying an additional 1,272 shares during the last quarter. Canal Capital Management LLC boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 11.6% during the first quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock valued at $306,000 after buying an additional 2,810 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock valued at $382,000 after buying an additional 2,314 shares in the last quarter. Hedge funds and other institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

(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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