Nuveen Quality Municipal Income Fund (NYSE:NAD) Shares Cross Below 200 Day Moving Average – Time to Sell?

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.96 and traded as low as $11.90. Nuveen Quality Municipal Income Fund shares last traded at $11.9550, with a volume of 644,902 shares traded.

Nuveen Quality Municipal Income Fund Price Performance

The business has a 50 day moving average of $12.10 and a 200 day moving average of $11.96.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.0705 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Activity

In other Nuveen Quality Municipal Income Fund news, major shareholder Of America Corp /De/ Bank acquired 6,374 shares of Nuveen Quality Municipal Income Fund stock in a transaction dated Friday, January 2nd. The stock was bought at an average cost of $12.01 per share, with a total value of $76,551.74. Following the acquisition, the insider owned 6,374 shares of the company’s stock, valued at approximately $76,551.74. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NAD. Smartleaf Asset Management LLC acquired a new stake in Nuveen Quality Municipal Income Fund during the third quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Nuveen Quality Municipal Income Fund in the 4th quarter worth approximately $32,000. Align Financial LLC bought a new position in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth approximately $35,000. Noble Wealth Management PBC lifted its position in shares of Nuveen Quality Municipal Income Fund by 274.6% during the 4th quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after buying an additional 2,370 shares during the period. Finally, Advocate Investing Services LLC acquired a new position in Nuveen Quality Municipal Income Fund during the fourth quarter worth $41,000.

Nuveen Quality Municipal Income Fund Company Profile

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.