North Ground Capital Purchases New Position in Nuveen Municipal Income Fund, Inc. $NMI

North Ground Capital acquired a new stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 89,600 shares of the company’s stock, valued at approximately $947,072,000. Nuveen Municipal Income Fund makes up 1.1% of North Ground Capital’s holdings, making the stock its 22nd biggest holding. North Ground Capital owned 0.74% of Nuveen Municipal Income Fund as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers purchased a new position in Nuveen Municipal Income Fund in the 2nd quarter valued at about $118,000. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Municipal Income Fund in the second quarter worth approximately $72,000. Ameriprise Financial Inc. increased its position in shares of Nuveen Municipal Income Fund by 137.8% during the second quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock worth $292,000 after purchasing an additional 16,864 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Nuveen Municipal Income Fund by 74.6% during the 2nd quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after purchasing an additional 15,200 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Nuveen Municipal Income Fund in the fourth quarter valued at about $261,000. Institutional investors and hedge funds own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Price Performance

NYSE:NMI opened at $10.41 on Monday. Nuveen Municipal Income Fund, Inc. has a twelve month low of $9.62 and a twelve month high of $11.28. The company’s 50-day moving average price is $10.78 and its 200-day moving average price is $10.50.

Nuveen Municipal Income Fund Dividend Announcement

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