Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.42 and traded as low as $11.10. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.1250, with a volume of 21,859 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The stock’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.41.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a $0.0615 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 5,721 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth about $115,000. Landscape Capital Management L.L.C. acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth about $118,000. Brown Advisory Inc. bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at approximately $124,000. Finally, Jane Street Group LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at approximately $137,000. 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 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.