Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report)'s stock price fell 0.5% during trading on Monday . The company traded as low as $9.82 and last traded at $9.82. 19,527 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 63,056 shares. The stock had previously closed at $9.87.
Nuveen Municipal Income Fund Stock Down 0.2%
The business's fifty day moving average is $9.92 and its 200 day moving average is $9.82.
Nuveen Municipal Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.038 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 15th.
Institutional Investors Weigh In On Nuveen Municipal Income Fund
Hedge funds have recently modified their holdings of the stock. 1607 Capital Partners LLC grew its stake in 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 valued at $2,714,000 after buying an additional 47,914 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Nuveen Municipal Income Fund by 11.9% in the 1st 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 in the last quarter. EWG Elevate Inc. purchased a new position in Nuveen Municipal Income Fund in the 1st quarter valued at approximately $200,000. South Plains Financial Inc. purchased a new position in Nuveen Municipal Income Fund in the 4th quarter valued at approximately $36,000. Finally, Harbor Investment Advisory LLC purchased a new position in Nuveen Municipal Income Fund in the 2nd quarter valued at approximately $30,000. Institutional investors own 16.57% of the company's stock.
Nuveen Municipal Income Fund Company Profile
(
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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