Nuveen Quality Municipal Income Fund (NAD) To Go Ex-Dividend on November 13th

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0705 per share by the financial services provider on Tuesday, December 1st. This represents a $0.85 annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, November 13th.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE:NAD opened at $10.74 on Wednesday. The firm has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $11.54. Nuveen Quality Municipal Income Fund has a 12 month low of $9.66 and a 12 month high of $12.31.

Insider Transactions at Nuveen Quality Municipal Income Fund

In other news, insider Terence J. Toth bought 7,090 shares of Nuveen Quality Municipal Income Fund stock in a transaction dated Wednesday, October 14th. The stock was bought at an average cost of $10.13 per share, for a total transaction of $71,821.70. Following the purchase, the insider directly owned 11,221 shares in the company, valued at approximately $113,668.73. This represents a 171.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Young L. Robert sold 32,727 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $10.32, for a total value of $337,742.64. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its stake in Nuveen Quality Municipal Income Fund by 18.9% during the 3rd quarter. Private Advisor Group LLC now owns 55,898 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 8,901 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Nuveen Quality Municipal Income Fund by 86.1% during the third quarter. Harbour Investments Inc. now owns 4,142 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,916 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Nuveen Quality Municipal Income Fund by 3.1% during the third quarter. Moors & Cabot Inc. now owns 47,588 shares of the financial services provider’s stock valued at $482,000 after buying an additional 1,424 shares during the last quarter. Allworth Financial LP increased its position in shares of Nuveen Quality Municipal Income Fund by 17.2% during the third quarter. Allworth Financial LP now owns 18,424 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Nuveen Quality Municipal Income Fund by 50.2% during the third quarter. Fifth Third Bancorp now owns 76,376 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 25,532 shares in the last quarter.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol NAD. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, cities, counties, and other public entities. The fund’s portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities, and water and sewer systems.