WESPAC Advisors LLC Invests $94,000 in Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

WESPAC Advisors LLC purchased a new position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $94,000. WESPAC Advisors LLC owned about 0.10% of Nuveen Municipal Income Fund as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in Nuveen Municipal Income Fund in the fourth quarter worth about $109,000. OneDigital Investment Advisors LLC increased its stake in shares of Nuveen Municipal Income Fund by 80.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company’s stock worth $223,000 after purchasing an additional 9,925 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen Municipal Income Fund in the 4th quarter worth approximately $775,000. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Stock Performance

Nuveen Municipal Income Fund stock opened at $9.95 on Monday. The business’s 50 day simple moving average is $9.63 and its 200 day simple moving average is $9.80. Nuveen Municipal Income Fund, Inc. has a 12 month low of $9.11 and a 12 month high of $10.30.

Nuveen Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.58%.

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.