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Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Shares Cross Below Fifty Day Moving Average - Here's What Happened

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Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.55 and traded as low as $12.18. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.22, with a volume of 19,667 shares changing hands.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The company has a 50 day moving average price of $12.54 and a 200 day moving average price of $12.78.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its stake in Nuveen Virginia Quality Municipal Income Fund by 10.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider's stock worth $290,000 after purchasing an additional 2,200 shares during the last quarter. Elequin Capital LP bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth $32,000. XML Financial LLC increased its position in 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 buying an additional 7,596 shares during the period. Janney Montgomery Scott LLC increased its position in 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 buying an additional 12,058 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth $207,000. 11.68% of the stock is currently owned by institutional investors.

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Nuveen Virginia Quality Municipal Income Fund Company Profile

(Get Free Report)

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.

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