Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.06 and traded as low as $10.46. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.47, with a volume of 84,351 shares changing hands.
Nuveen Virginia Quality Municipal Income Fund Trading Down 0.8%
The company's fifty day simple moving average is $11.06 and its two-hundred day simple moving average is $11.34.
Nuveen Virginia Quality Municipal Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, August 14th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $83,000 after buying an additional 5,721 shares during the last quarter. Brown Advisory Inc. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter worth about $124,000. Bank of America Corp DE lifted its position in Nuveen Virginia Quality Municipal Income Fund by 11.6% in the 3rd quarter. Bank of America Corp DE now owns 63,121 shares of the financial services provider's stock valued at $732,000 after purchasing an additional 6,569 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $197,000. Finally, Truist Financial Corp boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 9.6% during the 4th quarter. Truist Financial Corp now owns 130,325 shares of the financial services provider's stock valued at $1,443,000 after purchasing an additional 11,440 shares during the period. Institutional investors and hedge funds own 11.68% of the company's stock.
About Nuveen Virginia Quality Municipal Income Fund
(
Get Free Report)
Nuveen Virginia Quality Municipal Income Fund NYSE: NPV is a closed-end investment company advised by Nuveen Asset Management. The fund's primary objective is to provide shareholders with high current income exempt from federal and Virginia state personal income taxes by investing in a diversified portfolio of municipal debt securities.
The portfolio is focused on investment-grade municipal bonds issued by the Commonwealth of Virginia and its political subdivisions, including general obligation bonds and revenue bonds financing education, transportation, public utilities and other essential infrastructure.
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