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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.42 and traded as low as $11.10. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.1250, with a volume of 21,859 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.3%

The firm’s fifty day simple moving average is $11.42 and its 200 day simple moving average is $11.41.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NPV. Cetera Investment Advisers increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 8.8% during the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 917 shares during the last quarter. Royal Bank of Canada lifted its position in Nuveen Virginia Quality Municipal Income Fund by 5.0% in the first quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after buying an additional 1,268 shares during 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 worth $216,000 after buying an additional 1,272 shares during the period. Northwest Financial Advisors boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 3.0% during the first quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock worth $549,000 after buying an additional 1,411 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,954 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 1,552 shares during the last quarter. 11.68% of the stock is owned by hedge funds and other institutional investors.

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.