Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Breaks Below Fifty Day Moving Average – Time to Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.91 and traded as low as $9.70. Nuveen Virginia Quality Municipal Income Fund shares last traded at $9.71, with a volume of 70,078 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.4%

The stock has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $10.84.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NPV. Bank of America Corp DE bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth $639,000. Janney Montgomery Scott LLC increased its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 15.5% during the first quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 6,785 shares during the period. Northwest Financial Advisors raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 3.0% during the first quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 1,411 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% during the first quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 2,314 shares in the last quarter. Finally, Canal Capital Management LLC raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% during the first quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 2,810 shares in the last quarter. Institutional investors and hedge funds own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment fund managed by Nuveen, an asset manager specializing in income-oriented investment strategies. The fund seeks to provide current income that is exempt from regular federal income tax and Virginia personal income tax, while also pursuing the preservation of capital.

The fund invests primarily in municipal bonds and other municipal obligations issued by or on behalf of the Commonwealth of Virginia, its local governments, and related public entities.