Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Crosses Below 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.85 and traded as low as $11.67. Nuveen Quality Municipal Income Fund shares last traded at $11.7450, with a volume of 548,254 shares traded.

Nuveen Quality Municipal Income Fund Price Performance

The firm has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $11.85.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.0705 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, August 14th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NAD. N.E.W. Advisory Services LLC acquired a new stake in Nuveen Quality Municipal Income Fund during the second quarter worth about $31,000. Align Financial LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund in the 4th quarter worth approximately $35,000. Advocate Investing Services LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth approximately $41,000. Capital Analysts LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $42,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $44,000.

About Nuveen Quality Municipal Income Fund

(Get Free Report)

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.

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