Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Stock Price Crosses Below 200-Day Moving Average of $0.00

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $14.15. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.18, with a volume of 17,397 shares changing hands.

The firm’s fifty day moving average price is $13.93.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a dividend of $0.054 per share. The ex-dividend date is Friday, July 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.55%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 10.2% in the first quarter. First Trust Advisors LP now owns 45,092 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 4,167 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of Nuveen Dividend Advantage Municipal Fund in the second quarter valued at $668,000. AdvisorNet Financial Inc bought a new position in shares of Nuveen Dividend Advantage Municipal Fund in the second quarter valued at $74,000. We Are One Seven LLC grew its stake in shares of Nuveen Dividend Advantage Municipal Fund by 17.5% in the second quarter. We Are One Seven LLC now owns 12,998 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,936 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Nuveen Dividend Advantage Municipal Fund by 17.0% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 312,722 shares of the financial services provider’s stock valued at $4,378,000 after buying an additional 45,440 shares in the last quarter.

Nuveen Dividend Advantage Municipal Fund Company Profile (NYSE:NAD)

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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