Nuveen Quality Municipal Income Fund (NYSE:NAD) Shares Cross Below 200 Day Moving Average of $10.95

Nuveen Quality Municipal Income Fund (NYSE:NAD) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.95 and traded as low as $10.95. Nuveen Quality Municipal Income Fund shares last traded at $10.95, with a volume of 472,173 shares traded.

Nuveen Quality Municipal Income Fund Stock Performance

The stock has a 50 day moving average of $11.27 and a 200 day moving average of $10.95.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.62 dividend on an annualized basis and a yield of 5.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NAD. JPMorgan Chase & Co. bought a new position in Nuveen Quality Municipal Income Fund during the 1st quarter worth $61,000. Bank of Montreal Can bought a new position in shares of Nuveen Quality Municipal Income Fund in the first quarter worth $365,000. Allianz Asset Management GmbH grew its stake in shares of Nuveen Quality Municipal Income Fund by 138.0% in the first quarter. Allianz Asset Management GmbH now owns 300,646 shares of the financial services provider’s stock worth $4,017,000 after purchasing an additional 174,334 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Nuveen Quality Municipal Income Fund by 6.4% in the first quarter. Moors & Cabot Inc. now owns 71,467 shares of the financial services provider’s stock worth $955,000 after purchasing an additional 4,304 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Nuveen Quality Municipal Income Fund by 1.2% in the first quarter. Mariner LLC now owns 133,977 shares of the financial services provider’s stock worth $1,790,000 after purchasing an additional 1,600 shares in 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.