Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces $0.07 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.0705 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Quality Municipal Income Fund Stock Up 0.4%

NAD stock traded up $0.05 on Tuesday, reaching $12.16. 243,836 shares of the company traded hands, compared to its average volume of 662,794. The firm has a fifty day simple moving average of $12.06 and a 200-day simple moving average of $11.76. Nuveen Quality Municipal Income Fund has a one year low of $10.40 and a one year high of $12.28.

Insider Activity

In related news, major shareholder Of America Corp /De/ Bank bought 6,374 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average price of $12.01 per share, for a total transaction of $76,551.74. Following the completion of the acquisition, the insider owned 6,374 shares of the company’s stock, valued at $76,551.74. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Nuveen Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NAD. Royal Bank of Canada raised its stake in Nuveen Quality Municipal Income Fund by 7.3% during the 1st quarter. Royal Bank of Canada now owns 684,939 shares of the financial services provider’s stock valued at $7,891,000 after purchasing an additional 46,832 shares during the period. Jane Street Group LLC purchased a new position in shares of Nuveen Quality Municipal Income Fund during the first quarter valued at $274,000. Focus Partners Wealth lifted its position in shares of Nuveen Quality Municipal Income Fund by 74.5% in the 1st quarter. Focus Partners Wealth now owns 20,698 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 8,834 shares during the period. Chung Wu Investment Group LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 2nd quarter worth $68,000. Finally, MSH Capital Advisors LLC boosted its stake in Nuveen Quality Municipal Income Fund by 13.5% in the second quarter. MSH Capital Advisors LLC now owns 60,847 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 7,214 shares in the last quarter.

About Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.