Nuveen Quality Municipal Income Fund (NYSE:NAD) is expected to pay $0.07 on Dec 1, 2016. The indicated annual dividend is $0.85. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Nuveen Quality Municipal Income Fund’s current price of $14.30, the dividend is 0.50%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock decreased 0.07% or $0.01 on November 8, hitting $14.3. Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) has declined 4.67% since April 7, 2016 and is downtrending. It has underperformed by 9.45% the S&P500.
Nuveen Quality Municipal Income Fund, formerly Nuveen Dividend Advantage Municipal Fund, is a diversified, closed-end management investment company. The company has a market cap of $566.69 million. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain the United States territories. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal income taxes.
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.19, from 1.19 in 2016Q1. The ratio turned negative, as 6 funds sold all Nuveen Dividend Advantage Municipal Fund shares owned while 14 reduced positions. 8 funds bought stakes while 12 increased positions. They now own 2.90 million shares or 9.35% less from 3.20 million shares in 2016Q1.
Kcg Holding Incorporated, a New Jersey-based fund reported 13,720 shares. Keybank Association Oh accumulated 10,540 shares or 0% of the stock. Sit Assocs Inc reported 10,000 shares or 0% of all its holdings. Moreover, Lpl Ltd Liability has 0% invested in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) for 27,452 shares. Tradewinds Capital Mngmt Ltd Limited Liability Company accumulated 0.35% or 31,397 shares. Davenport Co Limited Liability last reported 0% of its portfolio in the stock. Sandy Spring Fincl Bank holds 0.02% or 8,905 shares in its portfolio. Moreover, Hollencrest Secs Limited Liability Corp has 0.04% invested in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) for 15,380 shares. Northern Capital Mgmt Limited Liability Company holds 90,265 shares or 0.63% of its portfolio. Raymond James Svcs Advsrs has 36,829 shares for 0.01% of their US portfolio. Bartlett And Com Ltd Liability Com, a Ohio-based fund reported 1,600 shares. Janney Montgomery Scott Lc, a Pennsylvania-based fund reported 15,251 shares. Glob Endowment Mgmt Limited Partnership, a North Carolina-based fund reported 13,206 shares. Guggenheim Limited Liability Com has 0.01% invested in the company for 299,225 shares. Evercore Wealth Limited Com has 333 shares for 0% of their US portfolio.
NAD Company Profile
Nuveen Dividend Advantage Municipal Fund is a closed-end, diversified investment management company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities or certain United States territories.
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