Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.18 and traded as low as $10.58. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.63, with a volume of 290,418 shares.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $11.18 and its 200-day simple moving average is $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.0615 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 9.6% in the 4th quarter. Truist Financial Corp now owns 130,325 shares of the financial services provider’s stock valued at $1,443,000 after buying an additional 11,440 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 2.5% during the 4th quarter. Stifel Financial Corp now owns 102,810 shares of the financial services provider’s stock valued at $1,138,000 after acquiring an additional 2,500 shares during the last quarter. Summit Financial LLC raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 15.6% in the 4th quarter. Summit Financial LLC now owns 87,869 shares of the financial services provider’s stock valued at $973,000 after acquiring an additional 11,875 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 6,569 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 15.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 6,785 shares during the last quarter. 11.68% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

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.