Nuveen Quality Municipal Income Fund (NYSE:NAD) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.80 and traded as low as $11.10. Nuveen Quality Municipal Income Fund shares last traded at $11.15, with a volume of 932,293 shares changing hands.

Nuveen Quality Municipal Income Fund Trading Up 0.6 %

The firm’s fifty day moving average price is $11.55 and its 200-day moving average price is $11.80.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0755 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.91 annualized dividend and a yield of 8.13%.

Institutional Trading of Nuveen Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in Nuveen Quality Municipal Income Fund by 78.8% during the third quarter. Virtu Financial LLC now owns 26,166 shares of the financial services provider’s stock worth $324,000 after buying an additional 11,529 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Nuveen Quality Municipal Income Fund by 9.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 16,390 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 1,398 shares during the period. Peddock Capital Advisors LLC boosted its position in shares of Nuveen Quality Municipal Income Fund by 16.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 29,217 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 4,047 shares in the last quarter. Breakwater Capital Group increased its stake in Nuveen Quality Municipal Income Fund by 5.4% in the fourth quarter. Breakwater Capital Group now owns 78,894 shares of the financial services provider’s stock valued at $920,000 after acquiring an additional 4,025 shares during the period. Finally, Integrated Capital Management Inc. raised its position in Nuveen Quality Municipal Income Fund by 27.2% in the fourth quarter. Integrated Capital Management Inc. now owns 57,953 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 12,381 shares in the last quarter.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.