Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.44 and traded as low as $11.23. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.3250, with a volume of 51,189 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The company has a 50 day moving average price of $11.44 and a 200 day moving average price of $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NPV. Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter worth approximately $82,000. Northwestern Mutual Wealth Management Co. increased its position in Nuveen Virginia Quality Municipal Income Fund by 351.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock worth $83,000 after buying an additional 5,721 shares in the last quarter. Cetera Investment Advisers purchased a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth $115,000. Landscape Capital Management L.L.C. acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth $118,000. Finally, Brown Advisory Inc. acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth $124,000. 11.68% of the stock is owned by hedge funds and other 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.