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

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.95 and traded as low as $12.57. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.62, with a volume of 41,637 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Price Performance

The company’s 50 day moving average is $12.95 and its 200 day moving average is $12.62.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.072 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.86 dividend on an annualized basis and a yield of 6.85%.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of large investors have recently bought and sold shares of NPV. DAVENPORT & Co LLC grew its stake in Nuveen Virginia Quality Municipal Income Fund by 12.1% during the fourth 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 in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 12,058 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 49.5% in the fourth quarter. XML Financial LLC now owns 22,946 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 7,596 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 10.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 2,200 shares during the last quarter. 11.68% of the stock is currently 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.