Fortitude Advisory Group L.L.C. Acquires 2,320 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Fortitude Advisory Group L.L.C. increased its position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,920 shares of the company’s stock after purchasing an additional 2,320 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Nuveen Municipal Income Fund were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its position in Nuveen Municipal Income Fund by 321.0% in the fourth quarter. Wolverine Asset Management LLC now owns 57,573 shares of the company’s stock worth $530,000 after purchasing an additional 43,897 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Municipal Income Fund by 1.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 193,450 shares of the company’s stock valued at $1,664,000 after acquiring an additional 3,697 shares during the period. Finally, Crestone Asset Management LLC bought a new position in shares of Nuveen Municipal Income Fund during the third quarter valued at $91,000. 16.57% of the stock is owned by institutional investors.

Nuveen Municipal Income Fund Stock Up 0.5 %

Shares of NYSE NMI traded up $0.05 during midday trading on Thursday, reaching $9.20. 2,181 shares of the company traded hands, compared to its average volume of 25,472. The stock’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $9.10. Nuveen Municipal Income Fund, Inc. has a 12 month low of $8.30 and a 12 month high of $10.05.

Nuveen Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were issued a dividend of $0.036 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.70%.

Nuveen Municipal Income Fund 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.