276,683 Shares in Nuveen Municipal Income Fund, Inc. $NMI Purchased by World Investment Advisors

World Investment Advisors acquired a new stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 276,683 shares of the company’s stock, valued at approximately $2,891,000.

A number of other institutional investors have also modified their holdings of NMI. LPL Financial LLC raised its stake in shares of Nuveen Municipal Income Fund by 10.6% during the fourth quarter. LPL Financial LLC now owns 80,541 shares of the company’s stock valued at $800,000 after acquiring an additional 7,727 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Nuveen Municipal Income Fund by 74.6% in the 2nd quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after buying an additional 15,200 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 8.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 33,081 shares of the company’s stock worth $328,000 after buying an additional 2,665 shares during the period. Ameriprise Financial Inc. grew its position in shares of Nuveen Municipal Income Fund by 137.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock worth $292,000 after buying an additional 16,864 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its stake in shares of Nuveen Municipal Income Fund by 38.3% during the fourth quarter. Jacobi Capital Management LLC now owns 27,754 shares of the company’s stock valued at $276,000 after buying an additional 7,692 shares during the period. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Stock Down 1.1%

NYSE:NMI traded down $0.12 during mid-day trading on Tuesday, reaching $10.78. The company’s stock had a trading volume of 7,841 shares, compared to its average volume of 13,778. Nuveen Municipal Income Fund, Inc. has a 1 year low of $9.62 and a 1 year high of $11.28. The stock has a fifty day moving average of $10.74 and a 200-day moving average of $10.34.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.038 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.