1607 Capital Partners LLC lifted its holdings in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,375 shares of the company's stock after purchasing an additional 47,914 shares during the period. 1607 Capital Partners LLC owned about 2.87% of Nuveen Municipal Income Fund worth $2,714,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in NMI. WESPAC Advisors LLC bought a new stake in shares of Nuveen Municipal Income Fund during the fourth quarter valued at about $94,000. Janney Montgomery Scott LLC purchased a new position in shares of Nuveen Municipal Income Fund in the fourth quarter valued at about $109,000. Wolverine Asset Management LLC bought a new position in shares of Nuveen Municipal Income Fund during the fourth quarter valued at about $775,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Nuveen Municipal Income Fund by 27.9% during the fourth quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company's stock worth $1,810,000 after purchasing an additional 41,907 shares during the period. Institutional investors own 16.57% of the company's stock.
Nuveen Municipal Income Fund Price Performance
Shares of Nuveen Municipal Income Fund stock traded up $0.05 during midday trading on Monday, reaching $9.67. 26,589 shares of the company's stock traded hands, compared to its average volume of 26,152. The stock has a 50 day moving average of $9.78 and a 200-day moving average of $9.70. Nuveen Municipal Income Fund, Inc. has a 12 month low of $9.11 and a 12 month high of $10.30.
Nuveen Municipal Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Tuesday, April 15th.
About Nuveen Municipal Income Fund
(
Free Report)
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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