Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Declares $0.07 Monthly Dividend

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.065 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

Shares of NYSE NPV traded up $0.02 during midday trading on Tuesday, reaching $11.23. 7,610 shares of the company were exchanged, compared to its average volume of 28,518. The stock’s 50-day moving average price is $11.22 and its 200-day moving average price is $11.27. Nuveen Virginia Quality Municipal Income Fund has a one year low of $10.68 and a one year high of $12.74.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in NPV. Truist Financial Corp raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 6.1% during the second quarter. Truist Financial Corp now owns 55,404 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 3,185 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 2.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 239,764 shares of the financial services provider’s stock worth $2,700,000 after buying an additional 6,458 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 7.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 37,827 shares of the financial services provider’s stock worth $426,000 after buying an additional 2,585 shares during the period. Northwest Financial Advisors raised its position in shares of Nuveen Virginia Quality Municipal Income Fund by 10.5% during the second quarter. Northwest Financial Advisors now owns 45,804 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 4,346 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the second quarter valued at approximately $61,000. 11.68% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Virginia Quality Municipal Income Fund

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.