Nuveen Quality Municipal Income Fund (NYSE:NAD) Shareholders to Receive $0.07 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0705 per share by the financial services provider on Monday, November 2nd. This represents a $0.85 annualized dividend and a yield of 8.2%. The ex-dividend date is Thursday, October 15th.

Nuveen Quality Municipal Income Fund Stock Up 1.8%

NAD stock opened at $10.36 on Friday. The firm’s fifty day moving average is $11.27 and its 200 day moving average is $11.62. Nuveen Quality Municipal Income Fund has a 52 week low of $9.66 and a 52 week high of $12.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Nuveen Quality Municipal Income Fund in the second quarter worth about $28,087,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Quality Municipal Income Fund by 48.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,373,096 shares of the financial services provider’s stock worth $16,642,000 after purchasing an additional 445,351 shares during the period. Van ECK Associates Corp boosted its position in Nuveen Quality Municipal Income Fund by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,288,803 shares of the financial services provider’s stock valued at $15,620,000 after acquiring an additional 178,327 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Nuveen Quality Municipal Income Fund by 7.0% during the 1st quarter. Royal Bank of Canada now owns 962,548 shares of the financial services provider’s stock worth $11,070,000 after acquiring an additional 62,641 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 7.6% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 741,692 shares of the financial services provider’s stock valued at $8,582,000 after purchasing an additional 52,345 shares during the period.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other debt securities used to finance public services and infrastructure, such as transportation, education, utilities and health care facilities.