Wolverine Asset Management LLC Purchases Shares of 82,338 Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Wolverine Asset Management LLC bought a new position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 82,338 shares of the company's stock, valued at approximately $775,000. Wolverine Asset Management LLC owned approximately 0.82% of Nuveen Municipal Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Janney Montgomery Scott LLC purchased a new stake in Nuveen Municipal Income Fund during the fourth quarter valued at approximately $109,000. Hedge funds and other institutional investors own 16.57% of the company's stock.

Nuveen Municipal Income Fund Stock Performance

Shares of NMI stock traded down $0.04 during trading hours on Wednesday, reaching $9.93. 10,811 shares of the company's stock were exchanged, compared to its average volume of 23,744. Nuveen Municipal Income Fund, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $10.30. The stock's 50 day moving average is $9.66 and its 200-day moving average is $9.80.

Nuveen Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.038 per share. The ex-dividend date is Friday, February 14th. This represents a $0.46 annualized dividend and a dividend yield of 4.59%.

Nuveen Municipal Income Fund Company Profile

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.