Hennion & Walsh Asset Management Inc. Sells 100,521 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Hennion & Walsh Asset Management Inc. trimmed its holdings in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,683 shares of the company’s stock after selling 100,521 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.47% of Nuveen Municipal Income Fund worth $449,000 at the end of the most recent quarter.

Separately, OneDigital Investment Advisors LLC increased its position in Nuveen Municipal Income Fund by 80.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company’s stock valued at $223,000 after acquiring an additional 9,925 shares in the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Income Fund Stock Up 0.3 %

Shares of NYSE NMI opened at $9.68 on Tuesday. Nuveen Municipal Income Fund, Inc. has a 1-year low of $9.11 and a 1-year high of $10.30. The company has a 50-day moving average of $9.54 and a two-hundred day moving average of $9.84.

Nuveen Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.