Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Cross Below 200 Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.38 and traded as low as $11.37. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.3910, with a volume of 84,619 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.2%

The company has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $11.38.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter worth about $82,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 5,721 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth approximately $115,000. Landscape Capital Management L.L.C. acquired a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth $118,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter worth $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.