Evolve Private Wealth LLC Purchases Shares of 52,207 Nuveen Municipal Income Fund, Inc. $NMI

Evolve Private Wealth LLC acquired a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,207 shares of the company’s stock, valued at approximately $555,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of Nuveen Municipal Income Fund by 8.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 33,081 shares of the company’s stock valued at $328,000 after buying an additional 2,665 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Nuveen Municipal Income Fund in the 4th quarter valued at about $37,000. N.E.W. Advisory Services LLC acquired a new position in Nuveen Municipal Income Fund during the 2nd quarter worth approximately $63,000. Kestra Advisory Services LLC raised its stake in Nuveen Municipal Income Fund by 118.6% during the 1st quarter. Kestra Advisory Services LLC now owns 12,024 shares of the company’s stock worth $126,000 after buying an additional 6,524 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Nuveen Municipal Income Fund in the second quarter worth approximately $72,000. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Trading Down 0.5%

Shares of NYSE:NMI opened at $10.35 on Tuesday. Nuveen Municipal Income Fund, Inc. has a 52-week low of $9.62 and a 52-week high of $11.28. The business’s 50 day simple moving average is $10.76 and its two-hundred day simple moving average is $10.50.

Nuveen Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.038 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, August 14th.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.