Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Up 0% - Here's What Happened

Key Points

• Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a 0% change in stock price during mid-day trading, closing at $11.03 with a trading volume increase of 48% compared to its average.
• The fund recently announced a monthly dividend of $0.072 per share, with a yield of 7.8%, payable on September 2nd to investors of record on August 15th.
• Institutional investors have recently increased their stakes in the fund, with notable increases from Envestnet Asset Management and Spire Wealth Management in the last quarters.

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) shares rose 0% during mid-day trading on Tuesday . The stock traded as high as $11.06 and last traded at $11.03. Approximately 82,068 shares traded hands during trading, an increase of 48% from the average daily volume of 55,331 shares. The stock had previously closed at $11.03.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.5%

The firm has a fifty day moving average price of $11.12 and a 200-day moving average price of $11.48.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, August 15th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Brown Advisory Inc. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter worth about $124,000. Northwestern Mutual Wealth Management Co. increased its holdings in Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider's stock worth $83,000 after purchasing an additional 5,721 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the second quarter worth approximately $113,000. Wolverine Asset Management LLC bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $61,000. Finally, Northwest Financial Advisors raised its position in shares of Nuveen Virginia Quality Municipal Income Fund by 10.5% during the second quarter. Northwest Financial Advisors now owns 45,804 shares of the financial services provider's stock worth $516,000 after purchasing an additional 4,346 shares during the period. 11.68% of the stock is currently owned by institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

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.