Nuveen Municipal Income Fund (NYSE:NMI) Trading Up 0.2%
Nuveen Municipal Income Fund Inc. (NYSE:NMI)’s stock price was up 0.2% during trading on Monday . The company traded as high as $11.42 and last traded at $11.42, approximately 556 shares traded hands during trading. A decline of 96% from the average daily volume of 13,538 shares. The stock had previously closed at $11.40.
The stock has a fifty day moving average of $11.33.
Large investors have recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC bought a new position in shares of Nuveen Municipal Income Fund in the second quarter worth about $149,000. Wells Fargo & Company MN increased its stake in shares of Nuveen Municipal Income Fund by 16.9% in 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 period. Commonwealth Equity Services LLC increased its stake in shares of Nuveen Municipal Income Fund by 9.3% in the second quarter. Commonwealth Equity Services LLC now owns 13,393 shares of the company’s stock worth $150,000 after purchasing an additional 1,138 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Nuveen Municipal Income Fund in the first quarter worth about $224,000. 6.38% of the stock is currently owned by institutional investors.
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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