Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Crosses Below Two Hundred Day Moving Average of $10.98

Nuveen Quality Municipal Income Fund (NYSE:NAD) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.98 and traded as low as $10.86. Nuveen Quality Municipal Income Fund shares last traded at $10.89, with a volume of 1,092,286 shares trading hands.

Nuveen Quality Municipal Income Fund Price Performance

The stock has a 50-day moving average of $11.23 and a two-hundred day moving average of $10.99.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.052 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NAD. Private Trust Co. NA grew its position in Nuveen Quality Municipal Income Fund by 17.0% during the 3rd quarter. Private Trust Co. NA now owns 7,108 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 1,031 shares in the last quarter. Dakota Wealth Management boosted its position in shares of Nuveen Quality Municipal Income Fund by 45.9% in the third quarter. Dakota Wealth Management now owns 456,690 shares of the financial services provider’s stock worth $4,631,000 after buying an additional 143,726 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Nuveen Quality Municipal Income Fund by 6.4% during the third quarter. Stratos Wealth Partners LTD. now owns 126,188 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 7,561 shares in the last quarter. Legacy Financial Group LLC acquired a new position in Nuveen Quality Municipal Income Fund during the third quarter valued at $30,000. Finally, Advisor Partners II LLC purchased a new stake in Nuveen Quality Municipal Income Fund in the 3rd quarter worth about $3,474,000.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.