Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.92 and traded as low as $11.85. Nuveen Quality Municipal Income Fund shares last traded at $11.8750, with a volume of 426,368 shares trading hands.

Nuveen Quality Municipal Income Fund Price Performance

The business has a fifty day moving average price of $11.88 and a 200 day moving average price of $11.92.

Nuveen Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.0705 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

Institutional Trading of Nuveen Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Nuveen Quality Municipal Income Fund in the 4th quarter valued at $32,000. Align Financial LLC purchased a new stake in Nuveen Quality Municipal Income Fund in the fourth quarter valued at $35,000. Noble Wealth Management PBC lifted its position in Nuveen Quality Municipal Income Fund by 274.6% in the fourth quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 2,370 shares during the last quarter. Advocate Investing Services LLC acquired a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at $41,000. Finally, Capital Analysts LLC acquired a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at $42,000.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.