Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report)'s share price fell 0.2% on Monday . The stock traded as low as $9.70 and last traded at $9.76. 19,090 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 26,721 shares. The stock had previously closed at $9.77.
Nuveen Municipal Income Fund Trading Up 0.2%
The company has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.70.
Nuveen Municipal Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, June 13th.
Institutional Trading of Nuveen Municipal Income Fund
A number of institutional investors and hedge funds have recently modified their holdings of NMI. Janney Montgomery Scott LLC bought a new stake in shares of Nuveen Municipal Income Fund during the 4th quarter valued at about $109,000. Wolverine Asset Management LLC acquired a new position in Nuveen Municipal Income Fund in the fourth quarter valued at approximately $775,000. WESPAC Advisors LLC bought a new position in shares of Nuveen Municipal Income Fund during the fourth quarter valued at approximately $94,000. Jones Financial Companies Lllp raised its position in shares of Nuveen Municipal Income Fund by 27.9% during the 4th 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. Finally, 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 19.9% in the 4th quarter. 1607 Capital Partners LLC now owns 288,375 shares of the company's stock worth $2,714,000 after purchasing an additional 47,914 shares during the last quarter. 16.57% of the stock is owned by institutional investors and hedge funds.
About Nuveen Municipal Income Fund
(
Get 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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