Nuveen Quality Municipal Income Fund (NYSE:NAD) Declares Monthly Dividend of $0.07

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.0705 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE NAD traded up $0.05 during trading on Tuesday, hitting $12.16. The stock had a trading volume of 243,836 shares, compared to its average volume of 662,794. The firm has a 50 day moving average price of $12.06 and a 200 day moving average price of $11.76. Nuveen Quality Municipal Income Fund has a twelve month low of $10.40 and a twelve month high of $12.28.

Insider Buying and Selling

In other Nuveen Quality Municipal Income Fund news, major shareholder Of America Corp /De/ Bank purchased 6,374 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of $12.01 per share, for a total transaction of $76,551.74. Following the completion of the purchase, the insider directly owned 6,374 shares in the company, valued at approximately $76,551.74. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the third quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $32,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Nuveen Quality Municipal Income Fund in the 2nd quarter valued at $34,000. 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 purchasing an additional 2,370 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Nuveen Quality Municipal Income Fund during the third quarter worth $42,000.

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.