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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.81 and traded as low as $9.94. Nuveen Virginia Quality Municipal Income Fund shares last traded at $9.9720, with a volume of 78,529 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $10.81 and its 200-day simple moving average is $11.25.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0615 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock valued at $83,000 after buying an additional 5,721 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at approximately $115,000. Landscape Capital Management L.L.C. acquired a new position in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth approximately $118,000. Finally, Brown Advisory Inc. acquired a new position in Nuveen Virginia Quality Municipal Income Fund in the second quarter worth approximately $124,000. Hedge funds and other institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

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.