Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.37 and traded as low as $10.86. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.89, with a volume of 53,506 shares.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The business’s 50-day moving average is $11.36 and its two-hundred day moving average is $11.41.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NPV. Royal Bank of Canada raised its holdings in Nuveen Virginia Quality Municipal Income Fund by 5.0% during the first quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 1,268 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 8.8% in the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 917 shares in the last quarter. D.A. Davidson & CO. increased its position in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,272 shares during the period. Canal Capital Management LLC increased its position in Nuveen Virginia Quality Municipal Income Fund by 11.6% during the 1st quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 2,810 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after buying an additional 2,314 shares in the last quarter. 11.68% of the stock is currently 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.