Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Pass Below 50-Day Moving Average – Here’s Why

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.07 and traded as low as $12.54. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.56, with a volume of 18,329 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The firm’s fifty day simple moving average is $13.07 and its 200 day simple moving average is $12.54.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A hedge fund recently raised its stake in Nuveen Virginia Quality Municipal Income Fund stock. Janney Montgomery Scott LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) by 34.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,594 shares of the financial services provider’s stock after acquiring an additional 12,058 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Virginia Quality Municipal Income Fund were worth $589,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund 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 Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.