Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) shares were down 0.5% on Monday . The stock traded as low as $9.82 and last traded at $9.82. Approximately 19,527 shares were traded during trading, a decline of 69% from the average daily volume of 63,056 shares. The stock had previously closed at $9.87.
Nuveen Municipal Income Fund Stock Performance
The company's 50-day moving average price is $9.91 and its two-hundred day moving average price is $9.82.
Nuveen Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.038 per share. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 4.6%.
Institutional Investors Weigh In On Nuveen Municipal Income Fund
Several large investors have recently modified their holdings of NMI. 1607 Capital Partners LLC grew its holdings in Nuveen Municipal Income Fund by 19.9% in the fourth 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 period. EWG Elevate Inc. acquired a new position in shares of Nuveen Municipal Income Fund during the first quarter valued at about $200,000. South Plains Financial Inc. acquired a new position in shares of Nuveen Municipal Income Fund during the fourth quarter valued at about $36,000. Harbor Investment Advisory LLC acquired a new position in shares of Nuveen Municipal Income Fund during the second quarter valued at about $30,000. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Nuveen Municipal Income Fund by 11.9% during the first quarter. OneDigital Investment Advisors LLC now owns 25,233 shares of the company's stock valued at $248,000 after buying an additional 2,684 shares during the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.
About Nuveen Municipal Income Fund
(
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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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