Hennion & Walsh Asset Management Inc. Has $449,000 Position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Hennion & Walsh Asset Management Inc. lowered its stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 67.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,683 shares of the company's stock after selling 100,521 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.47% of Nuveen Municipal Income Fund worth $449,000 as of its most recent SEC filing.

Separately, OneDigital Investment Advisors LLC raised its holdings in Nuveen Municipal Income Fund by 80.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company's stock valued at $223,000 after buying an additional 9,925 shares during the last quarter. 16.57% of the stock is currently owned by institutional investors.

Nuveen Municipal Income Fund Stock Down 0.8 %

NYSE:NMI traded down $0.08 during mid-day trading on Tuesday, hitting $9.62. 19,650 shares of the company's stock were exchanged, compared to its average volume of 21,343. 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 has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $9.84.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.46 annualized dividend and a dividend yield of 4.74%.

Nuveen Municipal Income Fund 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.