Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.99 and traded as low as $11.88. Nuveen Quality Municipal Income Fund shares last traded at $11.91, with a volume of 633,585 shares trading hands.

Nuveen Quality Municipal Income Fund Trading Down 0.2 %

The stock’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $11.99.

Nuveen Quality Municipal Income Fund Announces Dividend

The company 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. This represents a $0.91 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. WASHINGTON TRUST Co acquired a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter valued at $26,000. FSA Wealth Management LLC acquired a new position in Nuveen Quality Municipal Income Fund in the 3rd quarter valued at approximately $37,000. Icon Wealth Advisors LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund during the third quarter worth $54,000. Noble Wealth Management PBC bought a new position in Nuveen Quality Municipal Income Fund during the fourth quarter worth $77,000. Finally, NBC Securities Inc. raised its holdings in shares of Nuveen Quality Municipal Income Fund by 87.3% in the third quarter. NBC Securities Inc. now owns 6,772 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 3,156 shares during the last quarter.

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.