Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.91 and traded as low as $9.70. Nuveen Virginia Quality Municipal Income Fund shares last traded at $9.71, with a volume of 70,078 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The stock has a 50-day moving average of $9.88 and a 200 day moving average of $10.83.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 8.8% in the first 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 period. Royal Bank of Canada boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after buying an additional 1,268 shares in the last quarter. D.A. Davidson & CO. raised its stake in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 1,272 shares in the last quarter. Northwest Financial Advisors boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 3.0% in the first quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% during the first quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 2,314 shares during the last quarter. Institutional investors and hedge funds 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 fund managed by Nuveen, an investment management firm specializing in municipal and other income-oriented investments. The fund is designed to provide current income that is generally exempt from regular federal income tax and Virginia personal income tax.

To pursue its objective, the fund invests primarily in investment-grade municipal bonds and other tax-exempt obligations issued by the Commonwealth of Virginia, its municipalities, counties, public authorities and other governmental entities.