Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.27 and traded as low as $10.91. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.93, with a volume of 59,534 shares traded.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The business’s 50 day moving average is $11.27 and its 200-day moving average is $11.39.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.0615 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock worth $83,000 after buying an additional 5,721 shares during the last quarter. Cetera Investment Advisers bought a new position in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at about $115,000. Landscape Capital Management L.L.C. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $118,000. Brown Advisory Inc. bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at approximately $124,000. Finally, Jane Street Group LLC bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at approximately $137,000. Institutional investors and hedge funds own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment company advised by Nuveen Asset Management. The fund’s primary objective is to provide shareholders with high current income exempt from federal and Virginia state personal income taxes by investing in a diversified portfolio of municipal debt securities.

The portfolio is focused on investment-grade municipal bonds issued by the Commonwealth of Virginia and its political subdivisions, including general obligation bonds and revenue bonds financing education, transportation, public utilities and other essential infrastructure.