Jones Financial Companies Lllp Grows Stock Holdings in Nuveen Municipal Income Fund, Inc. $NMI

Jones Financial Companies Lllp grew its stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 34.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 482,554 shares of the company’s stock after acquiring an additional 124,941 shares during the period. Jones Financial Companies Lllp owned about 4.69% of Nuveen Municipal Income Fund worth $4,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Nuveen Municipal Income Fund during the second quarter worth $72,000. Community Bank & Trust Waco Texas purchased a new position in shares of Nuveen Municipal Income Fund in the third quarter valued at $117,000. Cetera Investment Advisers acquired a new position in shares of Nuveen Municipal Income Fund during the 2nd quarter worth $118,000. Apollon Financial LLC purchased a new stake in shares of Nuveen Municipal Income Fund in the 3rd quarter worth about $169,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Nuveen Municipal Income Fund by 137.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock worth $292,000 after buying an additional 16,864 shares in the last quarter. Institutional investors and hedge funds own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Stock Performance

Shares of NMI opened at $10.18 on Friday. Nuveen Municipal Income Fund, Inc. has a 12-month low of $9.21 and a 12-month high of $10.85. The company has a 50-day moving average of $10.02 and a two-hundred day moving average of $9.95.

Nuveen Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Nuveen Municipal Income Fund Company 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.