Nuveen Quality Municipal Income Fund (NYSE:NAD) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.99 and traded as low as $11.85. Nuveen Quality Municipal Income Fund shares last traded at $11.90, with a volume of 617,668 shares.

Nuveen Quality Municipal Income Fund Stock Up 0.0 %

The stock’s 50 day moving average is $11.72 and its two-hundred day moving average is $11.99.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0755 per share. This represents a $0.91 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Nuveen Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of the company. Bramshill Investments LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 16.1% during the fourth quarter. Bramshill Investments LLC now owns 4,237,821 shares of the financial services provider’s stock valued at $49,413,000 after buying an additional 588,021 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Nuveen Quality Municipal Income Fund by 12.6% during the fourth quarter. Bank of America Corp DE now owns 2,177,137 shares of the financial services provider’s stock valued at $25,385,000 after buying an additional 243,658 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at about $21,625,000. Pathstone Holdings LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 16.4% during the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock valued at $22,219,000 after buying an additional 252,384 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 8.8% during the fourth quarter. Guggenheim Capital LLC now owns 1,152,946 shares of the financial services provider’s stock valued at $13,443,000 after buying an additional 93,338 shares during the last quarter.

Nuveen Quality Municipal Income Fund Company Profile

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.