Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its holdings in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 80.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,250 shares of the company’s stock after purchasing an additional 9,925 shares during the quarter. OneDigital Investment Advisors LLC owned approximately 0.22% of Nuveen Municipal Income Fund worth $223,000 at the end of the most recent quarter.

Separately, Rothschild Investment LLC purchased a new position in shares of Nuveen Municipal Income Fund during the 2nd quarter worth $490,000. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Trading Down 0.2 %

NYSE:NMI opened at $9.48 on Friday. The company’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.82. Nuveen Municipal Income Fund, Inc. has a 1-year low of $8.75 and a 1-year high of $10.30.

Nuveen Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.038 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.46 dividend on an annualized basis and a yield of 4.81%.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.