Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.45 and traded as low as $11.20. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.2310, with a volume of 33,847 shares traded.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.0%

The stock has a fifty day moving average of $11.45 and a 200-day moving average of $11.36.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.065 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NPV. Truist Financial Corp grew its stake in Nuveen Virginia Quality Municipal Income Fund by 114.6% in the third quarter. Truist Financial Corp now owns 118,885 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 63,481 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 163.8% in the third quarter. Envestnet Asset Management Inc. now owns 99,785 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 61,958 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at approximately $465,000. DAVENPORT & Co LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 7.8% in the fourth quarter. DAVENPORT & Co LLC now owns 280,828 shares of the financial services provider’s stock valued at $3,109,000 after buying an additional 20,262 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at approximately $197,000. 11.68% of the stock is currently owned by institutional investors.

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.