Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.37 and traded as low as $10.86. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.89, with a volume of 53,506 shares traded.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.3%

The stock’s 50 day moving average is $11.37 and its 200 day moving average is $11.41.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Several large investors have recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth approximately $465,000. D.A. Davidson & CO. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at approximately $197,000. Readystate Asset Management LP purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at approximately $166,000. Jane Street Group LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at $137,000. Finally, Summit Financial LLC grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 15.6% during the 4th quarter. Summit Financial LLC now owns 87,869 shares of the financial services provider’s stock valued at $973,000 after buying an additional 11,875 shares during the last quarter. 11.68% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.