Nuveen Taxable Municipal Income Fund (NBB) To Go Ex-Dividend on September 15th

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.0965 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, September 15th.

Nuveen Taxable Municipal Income Fund Stock Down 0.2%

Shares of NBB opened at $15.14 on Friday. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.95 and a fifty-two week high of $16.62. The firm’s 50 day moving average price is $15.39 and its 200 day moving average price is $15.63.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Several institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in shares of Nuveen Taxable Municipal Income Fund by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 17,951 shares of the company’s stock valued at $288,000 after acquiring an additional 1,203 shares in the last quarter. NewEdge Advisors LLC grew its stake in Nuveen Taxable Municipal Income Fund by 12.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock worth $202,000 after purchasing an additional 1,438 shares in the last quarter. First Trust Advisors LP grew its stake in Nuveen Taxable Municipal Income Fund by 7.2% during the 2nd quarter. First Trust Advisors LP now owns 54,069 shares of the company’s stock worth $855,000 after purchasing an additional 3,614 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Nuveen Taxable Municipal Income Fund by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock worth $2,428,000 after purchasing an additional 1,005 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Nuveen Taxable Municipal Income Fund by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,038,710 shares of the company’s stock worth $16,432,000 after purchasing an additional 39,505 shares during the period.

Nuveen Taxable Municipal Income Fund Company Profile

The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.

NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.