Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Passes Below 200 Day Moving Average – What’s Next?

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Nuveen Quality Municipal Income Fund Stock Down 2.6%

The stock has a 50-day simple moving average of $12.09 and a 200 day simple moving average of $11.96.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0705 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Insider Transactions at Nuveen Quality Municipal Income Fund

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 that occurred on Friday, January 2nd. The stock was purchased at an average price of $12.01 per share, with a total value of $76,551.74. Following the completion of the transaction, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $76,551.74. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Several large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC acquired a new position in Nuveen Quality Municipal Income Fund during the third quarter worth $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at about $32,000. Align Financial LLC bought a new stake in Nuveen Quality Municipal Income Fund during the fourth quarter worth about $35,000. Noble Wealth Management PBC grew its stake in Nuveen Quality Municipal Income Fund by 274.6% during the fourth 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 last quarter. Finally, Advocate Investing Services LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter worth approximately $41,000.

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.