Shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $14.15. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.18, with a volume of 17,397 shares.

The company has a fifty day moving average price of $13.91.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.054 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.56%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. We Are One Seven LLC raised its holdings in Nuveen Dividend Advantage Municipal Fund by 17.5% in the 2nd quarter. We Are One Seven LLC now owns 12,998 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,936 shares during the last quarter. First Trust Advisors LP raised its holdings in Nuveen Dividend Advantage Municipal Fund by 10.2% in the 1st quarter. First Trust Advisors LP now owns 45,092 shares of the financial services provider’s stock valued at $612,000 after buying an additional 4,167 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Nuveen Dividend Advantage Municipal Fund in the 2nd quarter valued at approximately $74,000. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in Nuveen Dividend Advantage Municipal Fund by 17.0% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 312,722 shares of the financial services provider’s stock valued at $4,378,000 after buying an additional 45,440 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new position in Nuveen Dividend Advantage Municipal Fund in the 2nd quarter valued at approximately $668,000.

Nuveen Dividend Advantage Municipal Fund Company Profile (NYSE:NAD)

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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