Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.17 and traded as low as $10.81. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.94, with a volume of 33,217 shares.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The company’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $12.69.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Tuesday, April 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth about $1,036,000. Wells Fargo & Company MN boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock valued at $2,803,000 after acquiring an additional 32,719 shares during the period. DAVENPORT & Co LLC grew its position in Nuveen Virginia Quality Municipal Income Fund by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 24,338 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth $207,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 12,058 shares during the last quarter. Institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia 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 Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.