Jones Financial Companies Lllp Acquires 41,907 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Jones Financial Companies Lllp increased its stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 27.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 192,296 shares of the company's stock after buying an additional 41,907 shares during the quarter. Jones Financial Companies Lllp owned 1.91% of Nuveen Municipal Income Fund worth $1,810,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NMI. WESPAC Advisors LLC purchased a new position in Nuveen Municipal Income Fund in the fourth quarter valued at about $94,000. Janney Montgomery Scott LLC bought a new stake in shares of Nuveen Municipal Income Fund in the 4th quarter worth approximately $109,000. OneDigital Investment Advisors LLC lifted its stake in Nuveen Municipal Income Fund by 80.5% in the third quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company's stock valued at $223,000 after purchasing an additional 9,925 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Nuveen Municipal Income Fund during the fourth quarter valued at $775,000. Institutional investors own 16.57% of the company's stock.

Nuveen Municipal Income Fund Stock Performance

NYSE:NMI traded up $0.03 during trading hours on Monday, reaching $9.85. The stock had a trading volume of 18,253 shares, compared to its average volume of 22,997. The stock has a 50 day simple moving average of $9.73 and a 200 day simple moving average of $9.79. Nuveen Municipal Income Fund, Inc. has a 12-month low of $9.11 and a 12-month high of $10.30.

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Nuveen Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Friday, March 14th.

About Nuveen Municipal Income Fund

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.