WESPAC Advisors LLC Acquires New Shares in Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

WESPAC Advisors LLC bought a new position in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $94,000.

A number of other large investors also recently modified their holdings of NMI. Janney Montgomery Scott LLC bought a new stake in shares of Nuveen Municipal Income Fund during the 4th quarter valued at about $109,000. OneDigital Investment Advisors LLC boosted its holdings in Nuveen Municipal Income Fund by 80.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company’s stock valued at $223,000 after acquiring an additional 9,925 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Nuveen Municipal Income Fund in the fourth quarter worth approximately $775,000. 16.57% of the stock is currently owned by institutional investors.

Nuveen Municipal Income Fund Price Performance

NMI opened at $9.95 on Monday. Nuveen Municipal Income Fund, Inc. has a 52-week low of $9.11 and a 52-week high of $10.30. The stock’s 50 day moving average price is $9.63 and its 200-day moving average price is $9.80.

Nuveen Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.58%.

Nuveen Municipal Income Fund Company Profile

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.