Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Crosses Below 50-Day Moving Average of $10.93

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.93 and traded as low as $10.60. Nuveen Virginia Quality Municipal Income Fund shares last traded at $10.65, with a volume of 43,979 shares traded.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The stock’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.49.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.09%.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NPV. Fiera Capital Corp purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $3,876,000. Matisse Capital purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $1,619,000. Robinson Capital Management LLC purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter valued at about $931,000. AQR Arbitrage LLC purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter valued at about $587,000. Finally, Smith Salley & Associates purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $496,000. Institutional investors and hedge funds 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.