Nuveen Va Premium Income Municipal Fund (NYSE:NPV) Share Price Passes Below 50-Day Moving Average of $15.17

Nuveen Va Premium Income Municipal Fund (NYSE:NPV) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.17 and traded as low as $15.05. Nuveen Va Premium Income Municipal Fund shares last traded at $15.28, with a volume of 53,392 shares trading hands.

The stock’s 50 day simple moving average is $15.17 and its two-hundred day simple moving average is $13.93.

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, September 14th.

A number of large investors have recently bought and sold shares of NPV. Harbor Investment Advisory LLC increased its stake in shares of Nuveen Va Premium Income Municipal Fund by 15.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,851 shares of the financial services provider’s stock valued at $69,000 after buying an additional 657 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Nuveen Va Premium Income Municipal Fund by 0.5% in the 2nd quarter. DAVENPORT & Co LLC now owns 215,997 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 1,000 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Nuveen Va Premium Income Municipal Fund by 8.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 30,240 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 2,246 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Nuveen Va Premium Income Municipal Fund in the 1st quarter worth $84,000. Finally, Ameritas Investment Company LLC acquired a new stake in shares of Nuveen Va Premium Income Municipal Fund during the first quarter worth $84,000. 6.28% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Va Premium Income Municipal Fund (NYSE:NPV)

Nuveen Virginia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.

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