Nuveen Quality Municipal Income Fund (NYSE:NAD) Plans Monthly Dividend of $0.07
by Renee Jackson · The Cerbat GemNuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be given a dividend of 0.0705 per share by the financial services provider on Friday, May 1st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, April 15th.
Nuveen Quality Municipal Income Fund Stock Performance
NYSE NAD traded down $0.04 during trading hours on Monday, hitting $11.79. 119,252 shares of the company’s stock were exchanged, compared to its average volume of 767,534. The business’s 50 day moving average is $11.94 and its 200-day moving average is $11.96. Nuveen Quality Municipal Income Fund has a 12-month low of $10.94 and a 12-month high of $12.31.
Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund
Large investors have recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 6.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 13,959 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 894 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 5.0% in the 4th quarter. CoreCap Advisors LLC now owns 19,797 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 949 shares during the period. Wakefield Asset Management LLLP raised its holdings in shares of Nuveen Quality Municipal Income Fund by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 159,821 shares of the financial services provider’s stock worth $1,921,000 after purchasing an additional 1,078 shares during the period. Balefire LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 9.8% in the 3rd quarter. Balefire LLC now owns 12,385 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,107 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 6.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 19,626 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,146 shares during the period.
About Nuveen Quality Municipal Income Fund
Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.
Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.