Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Trading Down 0.4% – Here’s What Happened

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares traded down 0.4% during mid-day trading on Tuesday . The company traded as low as $11.11 and last traded at $11.1350. 79,765 shares traded hands during trading, an increase of 35% from the average session volume of 59,263 shares. The stock had previously closed at $11.18.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.4%

The company’s fifty day moving average price is $11.32 and its 200 day moving average price is $11.28.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.065 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 7.0%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the business. Spire Wealth Management raised its position in shares of Nuveen Virginia Quality Municipal Income Fund by 20.0% in the third quarter. Spire Wealth Management now owns 12,007 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 2,000 shares during the period. Envestnet Asset Management Inc. grew its stake in Nuveen Virginia Quality Municipal Income Fund by 7.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,827 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,585 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Nuveen Virginia Quality Municipal Income Fund by 31.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 13,121 shares of the financial services provider’s stock valued at $152,000 after buying an additional 3,121 shares in the last quarter. Truist Financial Corp raised its holdings in Nuveen Virginia Quality Municipal Income Fund by 6.1% during the 2nd quarter. Truist Financial Corp now owns 55,404 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 3,185 shares during the period. Finally, Northwest Financial Advisors lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 10.5% during the second quarter. Northwest Financial Advisors now owns 45,804 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 4,346 shares in the last quarter. 11.68% of the stock is owned by institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

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.