Nuveen Municipal Income Fund (NYSE:NMI) Stock Price Down 0.5%

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) shares fell 0.5% on Wednesday . The company traded as low as $9.17 and last traded at $9.19. 6,450 shares changed hands during trading, a decline of 75% from the average session volume of 26,266 shares. The stock had previously closed at $9.24.

Nuveen Municipal Income Fund Stock Performance

The stock’s 50 day simple moving average is $9.27 and its two-hundred day simple moving average is $9.08.

Nuveen Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.036 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 2.2% during the fourth quarter. 1607 Capital Partners LLC now owns 785,667 shares of the company’s stock valued at $7,228,000 after acquiring an additional 17,254 shares during the period. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Nuveen Municipal Income Fund by 9.4% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 26,920 shares of the company’s stock valued at $248,000 after acquiring an additional 2,320 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 321.0% during the fourth quarter. Wolverine Asset Management LLC now owns 57,573 shares of the company’s stock valued at $530,000 after acquiring an additional 43,897 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Municipal Income Fund by 1.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 193,450 shares of the company’s stock valued at $1,664,000 after acquiring an additional 3,697 shares during the period. Finally, Crestone Asset Management LLC bought a new position in shares of Nuveen Municipal Income Fund in the third quarter valued at about $91,000. 16.57% of the stock is owned by institutional investors.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.