Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Cross Below 50-Day Moving Average – Here’s Why

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.45 and traded as low as $11.20. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.2310, with a volume of 33,847 shares.

Nuveen Virginia Quality Municipal Income Fund Stock Up 0.2%

The stock has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.36.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in NPV. Ameritas Advisory Services LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter worth approximately $82,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth approximately $115,000. Landscape Capital Management L.L.C. bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth approximately $118,000. Finally, Brown Advisory Inc. bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter worth approximately $124,000. Institutional investors own 11.68% of the company’s stock.

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.