Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,204 shares of the company’s stock after selling 6,037 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 1.47% of Nuveen Municipal Income Fund worth $1,488,000 at the end of the most recent quarter.

Separately, Rothschild Investment LLC acquired a new position in shares of Nuveen Municipal Income Fund in the 2nd quarter valued at $490,000. 16.57% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Income Fund Stock Performance

NYSE NMI opened at $9.70 on Friday. Nuveen Municipal Income Fund, Inc. has a 1 year low of $8.31 and a 1 year high of $10.30. The stock’s 50-day moving average price is $10.07 and its two-hundred day moving average price is $9.77.

Nuveen Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.70%.

Nuveen Municipal Income Fund Profile

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.