1607 Capital Partners LLC decreased its stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 63.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 104,147 shares of the company's stock after selling 184,228 shares during the period. 1607 Capital Partners LLC owned 1.04% of Nuveen Municipal Income Fund worth $1,025,000 as of its most recent filing with the SEC.
Separately, EWG Elevate Inc. bought a new position in shares of Nuveen Municipal Income Fund in the 1st quarter worth $200,000. Institutional investors own 16.57% of the company's stock.
Nuveen Municipal Income Fund Price Performance
Shares of NYSE NMI traded up $0.03 during mid-day trading on Monday, hitting $9.78. The company had a trading volume of 36,621 shares, compared to its average volume of 30,549. Nuveen Municipal Income Fund, Inc. has a one year low of $9.21 and a one year high of $10.85. The firm has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $9.82.
Nuveen Municipal Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.7%.
Nuveen Municipal Income Fund Company Profile
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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.
Further Reading
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