Nuveen Municipal Income Fund (NYSE:NMI) Trading Up 0.6%

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Nuveen Municipal Income Fund Inc. (NYSE:NMI)’s stock price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $11.31 and last traded at $11.31, approximately 600 shares changed hands during mid-day trading. A decline of 96% from the average daily volume of 14,658 shares. The stock had previously closed at $11.24.

The company has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.34.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Nuveen Municipal Income Fund by 9.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,393 shares of the company’s stock valued at $150,000 after acquiring an additional 1,138 shares during the last quarter. Sheets Smith Wealth Management increased its position in Nuveen Municipal Income Fund by 28.3% during the third quarter. Sheets Smith Wealth Management now owns 13,590 shares of the company’s stock worth $156,000 after purchasing an additional 3,000 shares during the last quarter. Wells Fargo & Company MN increased its position in Nuveen Municipal Income Fund by 16.9% during the second quarter. Wells Fargo & Company MN now owns 21,300 shares of the company’s stock worth $239,000 after purchasing an additional 3,074 shares during the last quarter. Morgan Stanley raised its stake in Nuveen Municipal Income Fund by 4.6% during the second quarter. Morgan Stanley now owns 71,737 shares of the company’s stock worth $806,000 after purchasing an additional 3,131 shares during the period. Finally, Little House Capital LLC purchased a new position in Nuveen Municipal Income Fund during the third quarter worth about $127,000. Institutional investors and hedge funds own 5.29% of the company’s stock.

About Nuveen Municipal Income Fund (NYSE:NMI)

Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.

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