Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $9.79 and traded as high as $9.89. Nuveen Virginia Quality Municipal Income Fund shares last traded at $9.8050, with a volume of 136,225 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.3%

The company has a 50-day moving average price of $9.79 and a 200-day moving average price of $10.96.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a $0.0615 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Ackerman Capital Advisors LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the third quarter worth $198,000. Bank of America Corp DE bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter worth about $639,000. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at approximately $29,000. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the second quarter valued at $213,000. Finally, Royal Bank of Canada raised its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,268 shares during the period. 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 fund managed by Nuveen, an investment management firm specializing in municipal and other income-oriented investments. The fund is designed to provide current income that is generally exempt from regular federal income tax and Virginia personal income tax.

To pursue its objective, the fund invests primarily in investment-grade municipal bonds and other tax-exempt obligations issued by the Commonwealth of Virginia, its municipalities, counties, public authorities and other governmental entities.