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) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.50 and traded as low as $11.47. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.48, with a volume of 76,109 shares traded.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $11.37.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid 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 6.8%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter valued at about $82,000. Northwestern Mutual Wealth Management Co. increased its stake in Nuveen Virginia Quality Municipal Income Fund by 351.2% during the 2nd 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 stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth approximately $115,000. Landscape Capital Management L.L.C. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth approximately $118,000. Finally, Brown Advisory Inc. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter worth approximately $124,000. Hedge funds and other institutional investors own 11.68% of the company’s stock.

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.