Nuveen Quality Municipal Income Fund (NYSE:NAD) to Issue Monthly Dividend of $0.07

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0705 per share by the financial services provider on Tuesday, December 1st. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, November 13th.

Nuveen Quality Municipal Income Fund Trading Down 1.1%

NYSE:NAD opened at $10.77 on Tuesday. The business’s 50-day moving average is $10.68 and its 200 day moving average is $11.58. Nuveen Quality Municipal Income Fund has a 12 month low of $9.66 and a 12 month high of $12.31.

Insider Buying and Selling

In other news, insider Terence J. Toth acquired 7,090 shares of Nuveen Quality Municipal Income Fund stock in a transaction on Wednesday, October 14th. The shares were acquired at an average price of $10.13 per share, with a total value of $71,821.70. Following the purchase, the insider directly owned 11,221 shares in the company, valued at $113,668.73. The trade was a 171.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Young L. Robert sold 32,727 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $10.32, for a total value of $337,742.64. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

Several institutional investors have recently bought and sold shares of NAD. Kuhn & Co Investment Counsel increased its position in Nuveen Quality Municipal Income Fund by 0.7% during the third quarter. Kuhn & Co Investment Counsel now owns 142,650 shares of the financial services provider’s stock valued at $1,444,000 after acquiring an additional 938 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its stake in shares of Nuveen Quality Municipal Income Fund by 4.8% in the second quarter. Fortitude Advisory Group L.L.C. now owns 35,591 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 1,621 shares during the period. David J Yvars Group raised its stake in shares of Nuveen Quality Municipal Income Fund by 12.9% in the second quarter. David J Yvars Group now owns 19,300 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,200 shares during the period. Breakwater Capital Group raised its stake in shares of Nuveen Quality Municipal Income Fund by 1.8% in the second quarter. Breakwater Capital Group now owns 125,400 shares of the financial services provider’s stock valued at $1,520,000 after acquiring an additional 2,228 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of Nuveen Quality Municipal Income Fund by 5.1% in the 2nd quarter. RFG Advisory LLC now owns 52,498 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 2,552 shares during the last quarter.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol NAD. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, cities, counties, and other public entities.

The fund’s portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities, and water and sewer systems.