Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.81 and traded as low as $9.94. Nuveen Virginia Quality Municipal Income Fund shares last traded at $9.9720, with a volume of 78,529 shares traded.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.4%

The company has a 50 day moving average price of $10.81 and a 200-day moving average price of $11.25.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at about $639,000. Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter worth approximately $213,000. Readystate Asset Management LP bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth approximately $166,000. Jane Street Group LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $137,000. Finally, Summit Financial LLC lifted its stake in Nuveen Virginia Quality Municipal Income Fund by 15.6% during the fourth quarter. Summit Financial LLC now owns 87,869 shares of the financial services provider’s stock valued at $973,000 after purchasing an additional 11,875 shares during the last quarter. 11.68% of the stock is currently owned by 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.