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Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Share Price Passes Below 50 Day Moving Average - What's Next?

Nuveen Virginia Quality Municipal Income Fund logo with Finance background

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.93 and traded as low as $10.80. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.87, with a volume of 31,094 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Stock Up 0.1 %

The business's fifty day simple moving average is $11.85 and its 200 day simple moving average is $12.55.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.072 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.86 annualized dividend and a dividend yield of 7.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NPV. Elequin Capital LP acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at about $32,000. Bessemer Group Inc. purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the first quarter valued at approximately $115,000. Spire Wealth Management grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 42.8% during the first quarter. Spire Wealth Management now owns 10,007 shares of the financial services provider's stock worth $119,000 after buying an additional 3,000 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $207,000. Finally, XML Financial LLC lifted its stake in Nuveen Virginia Quality Municipal Income Fund by 49.5% during the 4th quarter. XML Financial LLC now owns 22,946 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 7,596 shares in the last quarter. 11.68% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Company Profile

(Get Free Report)

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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