North Ground Capital Buys Shares of 89,600 Nuveen Municipal Income Fund, Inc. $NMI

North Ground Capital bought a new position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the second quarter, Holdings Channel reports. The institutional investor bought 89,600 shares of the company’s stock, valued at approximately $947,072,000. Nuveen Municipal Income Fund comprises about 1.1% of North Ground Capital’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Nuveen Municipal Income Fund in the fourth quarter valued at about $37,000. N.E.W. Advisory Services LLC acquired a new stake in Nuveen Municipal Income Fund during the second quarter worth about $63,000. Raymond James Financial Inc. purchased a new position in Nuveen Municipal Income Fund during the second quarter worth about $72,000. Principle Wealth Partners LLC purchased a new position in Nuveen Municipal Income Fund during the second quarter worth about $116,000. Finally, Astoria Portfolio Advisors LLC. acquired a new position in Nuveen Municipal Income Fund in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Price Performance

Nuveen Municipal Income Fund stock opened at $10.41 on Monday. The firm has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $10.50. Nuveen Municipal Income Fund, Inc. has a 1-year low of $9.62 and a 1-year high of $11.28.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.038 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

About Nuveen Municipal Income Fund

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.