Nuveen Municipal Income Fund (NYSE:NMI) Shares Up 0.2%
Nuveen Municipal Income Fund Inc. (NYSE:NMI)’s share price shot up 0.2% during trading on Monday . The company traded as high as $11.42 and last traded at $11.42, 556 shares traded hands during trading. A decline of 96% from the average session volume of 13,538 shares. The stock had previously closed at $11.40.
The company’s 50 day moving average price is $11.33.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Municipal Income Fund by 9.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,393 shares of the company’s stock valued at $150,000 after buying an additional 1,138 shares during the period. Wells Fargo & Company MN raised its position in shares of Nuveen Municipal Income Fund by 16.9% during the 2nd quarter. Wells Fargo & Company MN now owns 21,300 shares of the company’s stock worth $239,000 after acquiring an additional 3,074 shares in the last quarter. United Capital Financial Advisers LLC acquired a new stake in shares of Nuveen Municipal Income Fund during the 2nd quarter worth about $149,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Nuveen Municipal Income Fund during the 1st quarter worth about $224,000. Institutional investors and hedge funds own 6.38% of the company’s stock.
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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