Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces $0.07 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.0705 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Quality Municipal Income Fund Price Performance

Nuveen Quality Municipal Income Fund stock opened at $11.65 on Tuesday. The firm has a 50-day moving average of $11.87 and a two-hundred day moving average of $11.89. Nuveen Quality Municipal Income Fund has a 1 year low of $11.11 and a 1 year high of $12.31.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Several large investors have recently modified their holdings of the business. Insigneo Advisory Services LLC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 6.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 13,959 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 894 shares in the last quarter. Wakefield Asset Management LLLP grew its position in shares of Nuveen Quality Municipal Income Fund by 0.7% during the fourth quarter. Wakefield Asset Management LLLP now owns 159,821 shares of the financial services provider’s stock worth $1,921,000 after buying an additional 1,078 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in Nuveen Quality Municipal Income Fund by 12.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 9,881 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,079 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Nuveen Quality Municipal Income Fund by 6.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 19,626 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,146 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuveen Quality Municipal Income Fund by 1.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,771 shares of the financial services provider’s stock worth $947,000 after purchasing an additional 1,275 shares during the period.

Nuveen Quality Municipal Income Fund Company Profile

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.