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

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.18 and traded as low as $10.58. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.63, with a volume of 290,418 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Trading Down 1.2%

The business has a fifty day moving average of $11.18 and a 200-day moving average of $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.0615 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at about $639,000. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth approximately $465,000. D.A. Davidson & CO. purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth approximately $197,000. Readystate Asset Management LP acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $166,000. Finally, Jane Street Group LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $137,000. 11.68% of the stock is owned by institutional investors and hedge funds.

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.