Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Up 0.3% - Time to Buy?

Key Points

• The Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a modest increase of 0.3% in its share price, closing at $11.51 after reaching a high of $11.52.
• Recently, the fund announced a monthly dividend of $0.065 per share, reflecting an annualized yield of 6.8%.
• Institutional ownership in the fund stands at 11.68%, with several large investors increasing their stakes recently, indicating renewed interest in the fund's performance.

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) shares rose 0.3% during trading on Tuesday . The stock traded as high as $11.52 and last traded at $11.51. Approximately 87,906 shares traded hands during trading, an increase of 58% from the average daily volume of 55,535 shares. The stock had previously closed at $11.47.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.2%

The company's fifty day moving average is $11.16 and its 200 day moving average is $11.36.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.065 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at $32,000. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter worth about $61,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider's stock worth $83,000 after buying an additional 5,721 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 1st quarter worth about $115,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter worth about $113,000. Institutional investors and hedge funds own 11.68% of the company's stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund 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 Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.