World Investment Advisors Takes Position in Nuveen Municipal Income Fund, Inc. $NMI

World Investment Advisors purchased a new position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 276,683 shares of the company’s stock, valued at approximately $2,891,000. World Investment Advisors owned about 2.69% of Nuveen Municipal Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NMI. Commonwealth Equity Services LLC raised its position in shares of Nuveen Municipal Income Fund by 8.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 33,081 shares of the company’s stock valued at $328,000 after buying an additional 2,665 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Nuveen Municipal Income Fund during the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Municipal Income Fund in the 2nd quarter valued at approximately $72,000. Jacobi Capital Management LLC lifted its stake in shares of Nuveen Municipal Income Fund by 38.3% in the 4th quarter. Jacobi Capital Management LLC now owns 27,754 shares of the company’s stock valued at $276,000 after purchasing an additional 7,692 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Nuveen Municipal Income Fund by 10.6% in the 4th quarter. LPL Financial LLC now owns 80,541 shares of the company’s stock worth $800,000 after purchasing an additional 7,727 shares during the period. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Stock Performance

NYSE:NMI traded down $0.12 during midday trading on Tuesday, hitting $10.78. 7,841 shares of the company traded hands, compared to its average volume of 13,778. The firm’s fifty day moving average is $10.74 and its 200-day moving average is $10.34. Nuveen Municipal Income Fund, Inc. has a 12-month low of $9.62 and a 12-month high of $11.28.

Nuveen Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.038 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, July 15th.

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.