Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.94 and traded as low as $11.80. Nuveen Quality Municipal Income Fund shares last traded at $11.8630, with a volume of 579,799 shares.

Nuveen Quality Municipal Income Fund Trading Up 0.4%

The stock’s 50-day moving average is $11.70 and its two-hundred day moving average is $11.94.

Nuveen Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.0705 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 3rd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter valued at about $32,000. Align Financial LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter valued at about $35,000. Noble Wealth Management PBC increased its position in shares of Nuveen Quality Municipal Income Fund by 274.6% during the 4th quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter valued at about $41,000.

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.