Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Up 0.1% After Dividend Announcement

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shot up 0.1% on Wednesday following a dividend announcement from the company. The company traded as high as $11.16 and last traded at $11.16. 12,005 shares changed hands during trading, a decline of 66% from the average session volume of 35,260 shares. The stock had previously closed at $11.15.

The newly announced dividend which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.86 dividend on an annualized basis and a yield of 7.74%.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.1%

The stock has a fifty day moving average of $11.22 and a 200 day moving average of $12.21.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NPV. Raymond James Financial Inc. bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at $1,036,000. Wells Fargo & Company MN raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock valued at $2,803,000 after buying an additional 32,719 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 32.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 120,264 shares of the financial services provider’s stock valued at $1,436,000 after buying an additional 29,623 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 24,338 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 214.8% in the first quarter. Envestnet Asset Management Inc. now owns 35,242 shares of the financial services provider’s stock valued at $421,000 after buying an additional 24,046 shares during the period. 11.68% of the stock is currently owned by institutional investors.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia 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 Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.