82,338 Shares in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 82,338 shares of the company’s stock, valued at approximately $775,000. Wolverine Asset Management LLC owned about 0.82% of Nuveen Municipal Income Fund as of its most recent filing with the Securities & Exchange Commission.

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

Nuveen Municipal Income Fund Price Performance

NYSE NMI opened at $9.95 on Friday. Nuveen Municipal Income Fund, Inc. has a 12 month low of $9.11 and a 12 month high of $10.30. The stock’s fifty day moving average price is $9.63 and its 200-day moving average price is $9.81.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently declared 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. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, February 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.