Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.50 and traded as low as $11.47. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.48, with a volume of 76,109 shares traded.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.1%

The company’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.065 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the third quarter worth $82,000. Northwestern Mutual Wealth Management Co. raised its position in Nuveen Virginia Quality Municipal Income Fund by 351.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 5,721 shares in the last quarter. Cetera Investment Advisers bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth $115,000. Landscape Capital Management L.L.C. bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth $118,000. Finally, Brown Advisory Inc. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter valued at about $124,000. 11.68% of the stock is owned by institutional investors.

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.