Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Shares Pass Above Fifty Day Moving Average of $14.42

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.42 and traded as high as $14.48. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.47, with a volume of 4,517 shares.

The stock’s fifty day moving average is $14.42 and its two-hundred day moving average is $14.01.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, October 11th.

Large investors have recently modified their holdings of the stock. Landscape Capital Management L.L.C. boosted its holdings in Nuveen Dividend Advantage Municipal Fund by 34.8% during the second quarter. Landscape Capital Management L.L.C. now owns 180,375 shares of the financial services provider’s stock worth $2,525,000 after buying an additional 46,549 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in Nuveen Dividend Advantage Municipal Fund by 17.5% during the second quarter. Ibex Wealth Advisors now owns 133,530 shares of the financial services provider’s stock worth $1,869,000 after buying an additional 19,870 shares in the last quarter. Personal Wealth Partners bought a new stake in Nuveen Dividend Advantage Municipal Fund during the second quarter worth approximately $28,000. Park Avenue Securities LLC boosted its holdings in Nuveen Dividend Advantage Municipal Fund by 15.6% during the second quarter. Park Avenue Securities LLC now owns 38,095 shares of the financial services provider’s stock worth $533,000 after buying an additional 5,149 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Nuveen Dividend Advantage Municipal Fund by 9.0% during the second quarter. Commonwealth Equity Services LLC now owns 264,758 shares of the financial services provider’s stock worth $3,706,000 after buying an additional 21,778 shares in the last quarter.

Nuveen Dividend Advantage Municipal Fund Company Profile (NYSE:NAD)

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.

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