Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.55 and traded as low as $12.18. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.22, with a volume of 19,667 shares.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.8 %

The company’s fifty day simple moving average is $12.55 and its two-hundred day simple moving average is $12.76.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 7.07%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth about $1,036,000. Wells Fargo & Company MN lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock worth $2,803,000 after buying an additional 32,719 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock worth $2,843,000 after buying an additional 24,338 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth about $207,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after buying an additional 12,058 shares during the last quarter. 11.68% of the stock is owned by institutional investors and hedge funds.

About Nuveen Virginia Quality Municipal Income Fund

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.