Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Stock Position Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its position in Nuveen Municipal Income Fund, Inc. (NYSE:NMIGet Rating) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,224 shares of the company’s stock after selling 1,217 shares during the quarter. Baird Financial Group Inc. owned approximately 1.15% of Nuveen Municipal Income Fund worth $1,206,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NMI. Northwestern Mutual Wealth Management Co. purchased a new stake in Nuveen Municipal Income Fund in the 4th quarter worth approximately $30,000. Wakefield Asset Management LLLP lifted its position in Nuveen Municipal Income Fund by 10.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 55,336 shares of the company’s stock worth $634,000 after buying an additional 5,370 shares in the last quarter. Kaizen Financial Strategies purchased a new stake in Nuveen Municipal Income Fund in the 4th quarter worth approximately $597,000. LPL Financial LLC lifted its position in Nuveen Municipal Income Fund by 3.4% in the 3rd quarter. LPL Financial LLC now owns 53,404 shares of the company’s stock worth $641,000 after buying an additional 1,732 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Nuveen Municipal Income Fund by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 18,927 shares of the company’s stock worth $224,000 after buying an additional 5,495 shares in the last quarter. Institutional investors and hedge funds own 14.40% of the company’s stock.

NMI stock opened at $9.28 on Friday. Nuveen Municipal Income Fund, Inc. has a 12-month low of $9.13 and a 12-month high of $12.83. The company has a 50 day moving average of $9.77 and a two-hundred day moving average of $10.77.

The business also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be given a $0.0255 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.31 dividend on an annualized basis and a yield of 3.30%.

About Nuveen Municipal Income Fund (Get Rating)

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.

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Institutional Ownership by Quarter for Nuveen Municipal Income Fund (NYSE:NMI)

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