Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 195.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,716 shares of the company's stock after purchasing an additional 138,770 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.74% of Nuveen Municipal Income Fund worth $2,311,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in Nuveen Municipal Income Fund during the second quarter worth $118,000. Raymond James Financial Inc. purchased a new position in Nuveen Municipal Income Fund in the second quarter valued at $72,000. Ameriprise Financial Inc. raised its position in shares of Nuveen Municipal Income Fund by 137.8% in the second quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company's stock worth $292,000 after acquiring an additional 16,864 shares during the period. Osaic Holdings Inc. raised its position in shares of Nuveen Municipal Income Fund by 74.6% in the second quarter. Osaic Holdings Inc. now owns 35,583 shares of the company's stock worth $358,000 after acquiring an additional 15,200 shares during the period. Finally, Truist Financial Corp purchased a new stake in shares of Nuveen Municipal Income Fund during the 4th quarter worth about $261,000. 16.57% of the stock is currently owned by institutional investors and hedge funds.
Nuveen Municipal Income Fund Stock Performance
NYSE:NMI opened at $10.74 on Wednesday. Nuveen Municipal Income Fund, Inc. has a 52 week low of $9.62 and a 52 week high of $11.28. The stock's 50-day moving average price is $10.87 and its 200-day moving average price is $10.48.
Nuveen Municipal Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.038 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.2%.
About Nuveen Municipal Income Fund
(
Free Report)
Nuveen Municipal Income Fund NYSE: NMI is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.
The fund's portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.
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