1607 Capital Partners LLC lifted its holdings in Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,375 shares of the company's stock after buying an additional 47,914 shares during the quarter. 1607 Capital Partners LLC owned about 2.87% of Nuveen Municipal Income Fund worth $2,714,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of Nuveen Municipal Income Fund by 27.9% during the fourth quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company's stock worth $1,810,000 after purchasing an additional 41,907 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Nuveen Municipal Income Fund in the 4th quarter worth approximately $775,000. Janney Montgomery Scott LLC acquired a new position in Nuveen Municipal Income Fund during the 4th quarter worth $109,000. Finally, WESPAC Advisors LLC bought a new position in Nuveen Municipal Income Fund in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 16.57% of the company's stock.
Nuveen Municipal Income Fund Stock Up 0.3 %
Shares of NYSE NMI traded up $0.03 during midday trading on Friday, hitting $9.67. The stock had a trading volume of 34,727 shares, compared to its average volume of 26,117. Nuveen Municipal Income Fund, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $10.30. The company's 50-day simple moving average is $9.79 and its 200 day simple moving average is $9.71.
Nuveen Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.038 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.46 annualized dividend and a yield of 4.72%.
Nuveen Municipal Income Fund Profile
(
Free Report)
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
Further Reading
Before you consider Nuveen Municipal Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Municipal Income Fund wasn't on the list.
While Nuveen Municipal Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
