Nuveen Quality Municipal Income Fund (NYSE:NAD) Plans $0.05 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NADGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.052 per share by the financial services provider on Wednesday, May 1st. This represents a $0.62 annualized dividend and a yield of 5.56%. The ex-dividend date is Friday, April 12th.

Nuveen Quality Municipal Income Fund Stock Performance

NAD stock opened at $11.22 on Wednesday. Nuveen Quality Municipal Income Fund has a 12-month low of $9.56 and a 12-month high of $11.64. The company’s fifty day simple moving average is $11.31 and its 200 day simple moving average is $10.90.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Arkos Global Advisors grew its position in Nuveen Quality Municipal Income Fund by 298.5% in the 4th quarter. Arkos Global Advisors now owns 116,186 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 87,032 shares in the last quarter. Pathstone Holdings LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter worth about $15,213,000. Creative Planning grew its position in Nuveen Quality Municipal Income Fund by 491.6% in the 4th quarter. Creative Planning now owns 23,375 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 19,424 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter worth about $231,000. Finally, Envestnet Asset Management Inc. grew its position in Nuveen Quality Municipal Income Fund by 99.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 414,403 shares of the financial services provider’s stock worth $4,745,000 after purchasing an additional 207,024 shares in the last quarter.

About Nuveen Quality Municipal Income Fund

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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.

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Dividend History for Nuveen Quality Municipal Income Fund (NYSE:NAD)

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