Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Share Price Crosses 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 Thursday . The stock has a 50 day moving average of $11.18 and traded as low as $10.58. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.63, with a volume of 290,418 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.9%

The stock’s fifty day moving average price is $11.16 and its 200-day moving average price is $11.37.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NPV. Bank of America Corp DE acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter worth approximately $639,000. Royal Bank of Canada lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 5.0% during the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,268 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 8.8% during the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 917 shares during the last quarter. D.A. Davidson & CO. boosted its position in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the first quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,272 shares during the period. Finally, Canal Capital Management LLC boosted its position in Nuveen Virginia Quality Municipal Income Fund by 11.6% during the first quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 2,810 shares during the period. Institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

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.