Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces Monthly Dividend of $0.07

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.0705 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, November 14th.

Nuveen Quality Municipal Income Fund Stock Down 0.2%

Shares of NYSE:NAD opened at $11.97 on Tuesday. The company has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $11.40. Nuveen Quality Municipal Income Fund has a 52 week low of $10.40 and a 52 week high of $12.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new position in Nuveen Quality Municipal Income Fund in the first quarter valued at about $27,000. Eastern Bank bought a new position in shares of Nuveen Quality Municipal Income Fund during the 1st quarter valued at about $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Nuveen Quality Municipal Income Fund in the 2nd quarter valued at approximately $34,000. WPG Advisers LLC acquired a new position in shares of Nuveen Quality Municipal Income Fund in the 1st quarter valued at approximately $40,000. Finally, Global Wealth Strategies & Associates bought a new stake in Nuveen Quality Municipal Income Fund during the 3rd quarter worth approximately $65,000.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.