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) shares passed 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 changing hands.

Nuveen Quality Municipal Income Fund Trading Up 0.0 %

The company’s fifty day moving average price is $11.72 and its 200-day moving average price is $11.99.

Nuveen Quality Municipal Income Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of the stock. Cornerstone Advisory LLC increased its holdings in shares of Nuveen Quality Municipal Income Fund by 82.2% during the fourth quarter. Cornerstone Advisory LLC now owns 357,746 shares of the financial services provider’s stock valued at $4,254,000 after acquiring an additional 161,384 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at about $2,192,000. Texas Bank & Trust Co acquired a new position in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at about $126,000. Snowden Capital Advisors LLC increased its holdings in Nuveen Quality Municipal Income Fund by 52.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 31,857 shares of the financial services provider’s stock worth $371,000 after buying an additional 11,028 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in Nuveen Quality Municipal Income Fund in the 4th quarter worth approximately $273,000.

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.