Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Above 50 Day Moving Average – What’s Next?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.51 and traded as high as $11.59. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.59, with a volume of 28,674 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.1%

The company’s 50 day moving average price is $11.51 and its 200 day moving average price is $11.37.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Wednesday, April 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canal Capital Management LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 11.6% during the 1st quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock worth $306,000 after buying an additional 2,810 shares in the last quarter. Private Advisor Group LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after buying an additional 2,314 shares in the last quarter. Northwest Financial Advisors lifted its position in Nuveen Virginia Quality Municipal Income Fund by 3.0% during the 1st quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock worth $549,000 after buying an additional 1,411 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 15.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock worth $574,000 after buying an additional 6,785 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter worth about $166,000. Institutional investors and hedge funds 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.