OneDigital Investment Advisors LLC Purchases Shares of 187,628 Nuveen Municipal Income Fund, Inc. $NMI

OneDigital Investment Advisors LLC purchased a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 187,628 shares of the company’s stock, valued at approximately $1,983,000.

Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Nuveen Municipal Income Fund in the fourth quarter worth $37,000. N.E.W. Advisory Services LLC bought a new stake in Nuveen Municipal Income Fund during the second quarter valued at $63,000. Raymond James Financial Inc. bought a new stake in Nuveen Municipal Income Fund during the second quarter valued at $72,000. Astoria Portfolio Advisors LLC. bought a new stake in Nuveen Municipal Income Fund during the fourth quarter valued at $116,000. Finally, Cetera Investment Advisers purchased a new position in Nuveen Municipal Income Fund during the second quarter worth about $118,000. 16.57% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Stock Performance

Nuveen Municipal Income Fund stock opened at $10.47 on Monday. The business has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $10.49. Nuveen Municipal Income Fund, Inc. has a 52 week low of $9.62 and a 52 week high of $11.28.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.038 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, August 14th.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.