Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Up 0.3% - What's Next?

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 - ) was up 0.3% during mid-day trading on Tuesday . The company 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 Stock Performance

The firm has a 50-day moving average price of $11.14 and a 200-day moving average price of $11.38.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Monday, September 15th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several large investors have recently made changes to their positions in NPV. Elequin Capital LP acquired a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth about $32,000. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth approximately $61,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 5,721 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $113,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 1st quarter valued at approximately $115,000. Institutional investors 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.

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