Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Passes Above 200 Day Moving Average – Time to Sell?

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.57 and traded as high as $12.63. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.61, with a volume of 12,328 shares traded.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

The firm’s 50 day moving average is $13.01 and its 200 day moving average is $12.57.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 6.85%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 24,338 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 12,058 shares during the last quarter. Finally, XML Financial LLC grew its position in shares of Nuveen Virginia Quality Municipal Income Fund by 49.5% during the 4th quarter. XML Financial LLC now owns 22,946 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 7,596 shares during the period. 11.68% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Virginia Quality Municipal Income Fund

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.