Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its 50 day moving average during trading on Friday . The stock has a 50 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.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The business has a fifty day moving average of $11.06 and a 200-day moving average of $11.34.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.0615 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter worth approximately $29,000. Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at $213,000. Bank of America Corp DE bought a new position in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at $639,000. Royal Bank of Canada boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 5.0% during the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 8.8% during the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 917 shares during the period. 11.68% of the stock is owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.