Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.17 and traded as low as $10.81. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.94, with a volume of 33,217 shares.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The company has a fifty day simple moving average of $12.17 and a two-hundred day simple moving average of $12.69.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.072 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.86 annualized dividend and a dividend yield of 7.90%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors have recently bought and sold shares of the business. Elequin Capital LP bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at $32,000. Cary Street Partners Financial LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth approximately $207,000. Raymond James Financial Inc. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $1,036,000. Wells Fargo & Company MN grew its stake in Nuveen Virginia Quality Municipal Income Fund by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock worth $2,803,000 after buying an additional 32,719 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in Nuveen Virginia Quality Municipal Income Fund by 10.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 2,200 shares during the last quarter. 11.68% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund 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 Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.