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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.0705 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, June 15th.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of Nuveen Quality Municipal Income Fund stock opened at $11.87 on Tuesday. The stock’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $11.94. Nuveen Quality Municipal Income Fund has a 52 week low of $11.04 and a 52 week high of $12.31.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in Nuveen Quality Municipal Income Fund in the third quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $32,000. Align Financial LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund in the fourth quarter worth approximately $35,000. Noble Wealth Management PBC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 274.6% during the 4th quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 2,370 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth approximately $41,000.

About Nuveen Quality Municipal Income Fund

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.