Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Crosses Below 200 Day Moving Average of $10.95

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.95 and traded as low as $10.95. Nuveen Quality Municipal Income Fund shares last traded at $10.95, with a volume of 472,173 shares.

Nuveen Quality Municipal Income Fund Stock Performance

The company has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $10.96.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC bought a new position in shares of Nuveen Quality Municipal Income Fund during the 3rd quarter worth approximately $26,000. CNB Bank bought a new position in shares of Nuveen Quality Municipal Income Fund during the 3rd quarter worth approximately $28,000. Baystate Wealth Management LLC bought a new position in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth approximately $29,000. Legacy Financial Group LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 3rd quarter valued at $30,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter valued at $37,000.

Nuveen Quality Municipal Income Fund Company Profile

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.