Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Price Crosses Below 200 Day Moving Average of $10.78

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.78 and traded as low as $10.71. Nuveen Quality Municipal Income Fund shares last traded at $10.73, with a volume of 997,761 shares trading hands.

Nuveen Quality Municipal Income Fund Price Performance

The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $10.78.

Nuveen Quality Municipal Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.044 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Tuesday, November 14th. This is an increase from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.04.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of large investors have recently modified their holdings of the business. Creative Planning acquired a new stake in shares of Nuveen Quality Municipal Income Fund in the 3rd quarter valued at $40,000. Morgan Stanley boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 43.2% in the 3rd quarter. Morgan Stanley now owns 7,762,855 shares of the financial services provider’s stock valued at $78,715,000 after purchasing an additional 2,343,347 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 22.5% in the 3rd quarter. Penserra Capital Management LLC now owns 388,519 shares of the financial services provider’s stock valued at $3,939,000 after purchasing an additional 71,388 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 11.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 260,580 shares of the financial services provider’s stock valued at $2,642,000 after purchasing an additional 26,034 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 8.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 514,550 shares of the financial services provider’s stock valued at $5,218,000 after purchasing an additional 39,575 shares in the last quarter.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.