Nuveen Municipal Income Fund (NYSE:NMI) Shares Down 0.2% – Here’s Why

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) shares fell 0.2% on Monday . The stock traded as low as $9.70 and last traded at $9.76. 19,090 shares traded hands during trading, a decline of 29% from the average session volume of 26,721 shares. The stock had previously closed at $9.77.

Nuveen Municipal Income Fund Stock Performance

The firm’s 50-day moving average is $9.73 and its two-hundred day moving average is $9.70.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.46 annualized dividend and a yield of 4.67%.

Institutional Trading of Nuveen Municipal Income Fund

Large investors have recently bought and sold shares of the business. South Plains Financial Inc. purchased a new stake in Nuveen Municipal Income Fund during the 4th quarter valued at about $36,000. WESPAC Advisors LLC purchased a new stake in Nuveen Municipal Income Fund during the 4th quarter valued at about $94,000. Janney Montgomery Scott LLC purchased a new stake in Nuveen Municipal Income Fund during the 4th quarter valued at about $109,000. EWG Elevate Inc. purchased a new stake in Nuveen Municipal Income Fund during the 1st quarter valued at about $200,000. Finally, OneDigital Investment Advisors LLC grew its stake in Nuveen Municipal Income Fund by 11.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 25,233 shares of the company’s stock valued at $248,000 after acquiring an additional 2,684 shares in the last quarter. Hedge funds and other institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Company 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.