Wells Fargo & Company MN Trims Position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Wells Fargo & Company MN reduced its stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,218 shares of the company’s stock after selling 3,244 shares during the period. Wells Fargo & Company MN’s holdings in Nuveen Municipal Income Fund were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NMI. Jones Financial Companies Lllp boosted its holdings in shares of Nuveen Municipal Income Fund by 27.9% in the fourth quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company’s stock valued at $1,810,000 after purchasing an additional 41,907 shares during the period. Wolverine Asset Management LLC bought a new stake in Nuveen Municipal Income Fund during the 4th quarter valued at $775,000. Janney Montgomery Scott LLC purchased a new stake in shares of Nuveen Municipal Income Fund in the 4th quarter worth $109,000. Finally, WESPAC Advisors LLC bought a new position in shares of Nuveen Municipal Income Fund during the 4th quarter worth $94,000. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Stock Performance

NMI stock opened at $9.89 on Friday. Nuveen Municipal Income Fund, Inc. has a 1-year low of $9.14 and a 1-year high of $10.30. The business has a 50-day moving average price of $9.74 and a 200 day moving average price of $9.68.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.038 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.46 annualized dividend and a dividend yield of 4.61%.

Nuveen Municipal Income Fund Profile

Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.