Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 17,000 shares, a decrease of 48.5% from the May 15th total of 33,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NPV. Raymond James Financial Inc. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $1,036,000. Wells Fargo & Company MN increased its holdings in Nuveen Virginia Quality Municipal Income Fund by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider's stock valued at $2,803,000 after purchasing an additional 32,719 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Nuveen Virginia Quality Municipal Income Fund by 32.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 120,264 shares of the financial services provider's stock valued at $1,436,000 after purchasing an additional 29,623 shares during the period. Envestnet Asset Management Inc. increased its holdings in Nuveen Virginia Quality Municipal Income Fund by 214.8% in the first quarter. Envestnet Asset Management Inc. now owns 35,242 shares of the financial services provider's stock valued at $421,000 after purchasing an additional 24,046 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at $207,000. 11.68% of the stock is currently owned by institutional investors.
Nuveen Virginia Quality Municipal Income Fund Stock Down 0.8%
Shares of NPV traded down $0.09 during trading hours on Friday, reaching $11.17. The stock had a trading volume of 11,687 shares, compared to its average volume of 34,776. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $10.68 and a 12 month high of $13.72. The company's 50-day moving average is $11.13 and its two-hundred day moving average is $12.10.
Nuveen Virginia Quality Municipal Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Friday, June 13th.
About Nuveen Virginia Quality Municipal Income Fund
(
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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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