Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.44 and traded as low as $11.23. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.3250, with a volume of 51,189 shares.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.4%

The firm’s 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a $0.065 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Friday, March 13th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NPV. Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the third quarter valued at about $82,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 5,721 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth about $115,000. Landscape Capital Management L.L.C. bought a new position in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $118,000. Finally, Brown Advisory Inc. bought a new position in Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at about $124,000. 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.