Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Above 50 Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemNuveen Virginia Quality Municipal Income Fund (NYSE:NPV – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.51 and traded as high as $11.59. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.59, with a volume of 28,674 shares changing hands.
Nuveen Virginia Quality Municipal Income Fund Price Performance
The company has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.37.
Nuveen Virginia Quality Municipal Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Wednesday, April 15th.
Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund
Several large investors have recently made changes to their positions in NPV. Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the third quarter valued at about $82,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second 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 in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $115,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $118,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth about $124,000. 11.68% of the stock is currently owned by hedge funds and other institutional investors.
About Nuveen Virginia Quality Municipal Income Fund
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.