89,600 Shares in Nuveen Municipal Income Fund, Inc. $NMI Acquired by North Ground Capital

North Ground Capital acquired a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 89,600 shares of the company’s stock, valued at approximately $947,072. Nuveen Municipal Income Fund comprises about 0.0% of North Ground Capital’s investment portfolio, making the stock its 22nd largest position. North Ground Capital owned 0.74% of Nuveen Municipal Income Fund as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Nuveen Municipal Income Fund during the 4th quarter worth $37,000. N.E.W. Advisory Services LLC acquired a new position in Nuveen Municipal Income Fund during the 2nd quarter worth $63,000. Raymond James Financial Inc. bought a new position in Nuveen Municipal Income Fund in the 2nd quarter valued at about $72,000. Principle Wealth Partners LLC purchased a new stake in shares of Nuveen Municipal Income Fund in the second quarter worth approximately $116,000. Finally, Astoria Portfolio Advisors LLC. bought a new stake in shares of Nuveen Municipal Income Fund in the fourth quarter valued at approximately $116,000. 16.57% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Price Performance

Shares of NMI stock remained flat at $10.40 during trading hours on Friday. 19,944 shares of the stock traded hands, compared to its average volume of 28,911. The company has a 50 day moving average of $10.73 and a 200 day moving average of $10.51. 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 Announces Dividend

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

Nuveen Municipal Income Fund Profile

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.