Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.19 and traded as low as $11.13. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.17, with a volume of 71,108 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The business’s 50 day moving average price is $11.19 and its 200 day moving average price is $11.27.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NPV. DAVENPORT & Co LLC increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 7.8% in the 4th quarter. DAVENPORT & Co LLC now owns 280,828 shares of the financial services provider’s stock valued at $3,109,000 after purchasing an additional 20,262 shares in the last quarter. Canal Capital Management LLC grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 17.0% in the fourth quarter. Canal Capital Management LLC now owns 24,229 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 3,529 shares during the period. Bank of America Corp DE increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% in the third quarter. Bank of America Corp DE now owns 63,121 shares of the financial services provider’s stock valued at $732,000 after buying an additional 6,569 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the third quarter valued at approximately $128,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter worth approximately $82,000. 11.68% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment company advised by Nuveen Asset Management. The fund’s primary objective is to provide shareholders with high current income exempt from federal and Virginia state personal income taxes by investing in a diversified portfolio of municipal debt securities.

The portfolio is focused on investment-grade municipal bonds issued by the Commonwealth of Virginia and its political subdivisions, including general obligation bonds and revenue bonds financing education, transportation, public utilities and other essential infrastructure.