Nuveen Quality Municipal Income Fund (NYSE:NAD) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.12 and traded as high as $12.25. Nuveen Quality Municipal Income Fund shares last traded at $12.07, with a volume of 1,054,326 shares traded.

Nuveen Quality Municipal Income Fund Stock Performance

The company’s 50-day moving average is $12.11 and its 200 day moving average is $11.98.

Nuveen Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.0755 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.91 annualized dividend and a yield of 7.62%.

Institutional Trading of Nuveen Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Nuveen Quality Municipal Income Fund by 45.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,046,632 shares of the financial services provider’s stock valued at $24,027,000 after acquiring an additional 639,792 shares during the period. Pathstone Holdings LLC grew its position in shares of Nuveen Quality Municipal Income Fund by 16.4% during the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock valued at $22,219,000 after purchasing an additional 252,384 shares in the last quarter. Rothschild Investment LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 2nd quarter worth approximately $2,310,000. Bayshore Asset Management LLC bought a new stake in Nuveen Quality Municipal Income Fund in the third quarter worth $2,315,000. Finally, Congress Park Capital LLC increased its holdings in shares of Nuveen Quality Municipal Income Fund by 52.5% in the 3rd quarter. Congress Park Capital LLC now owns 404,250 shares of the financial services provider’s stock worth $5,005,000 after buying an additional 139,250 shares during 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.