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

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.96 and traded as low as $11.81. Nuveen Quality Municipal Income Fund shares last traded at $11.8850, with a volume of 372,158 shares.

Nuveen Quality Municipal Income Fund Price Performance

The business has a 50 day moving average price of $11.91 and a 200 day moving average price of $11.96.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a $0.0705 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC bought a new position in shares of Nuveen Quality Municipal Income Fund in the third quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Nuveen Quality Municipal Income Fund in the fourth quarter worth about $32,000. Align Financial LLC bought a new position in shares of Nuveen Quality Municipal Income Fund in the fourth quarter worth about $35,000. Noble Wealth Management PBC increased its stake in shares of Nuveen Quality Municipal Income Fund by 274.6% in the fourth quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 2,370 shares during the period. Finally, Advocate Investing Services LLC bought a new position in shares of Nuveen Quality Municipal Income Fund in the fourth quarter worth about $41,000.

About Nuveen Quality Municipal Income Fund

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.