Jones Financial Companies Lllp Purchases 41,907 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Jones Financial Companies Lllp lifted its position in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,296 shares of the company’s stock after purchasing an additional 41,907 shares during the period. Jones Financial Companies Lllp’s holdings in Nuveen Municipal Income Fund were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NMI. OneDigital Investment Advisors LLC increased its position 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 worth $223,000 after buying an additional 9,925 shares during the period. Janney Montgomery Scott LLC bought a new position in Nuveen Municipal Income Fund during the fourth quarter worth about $109,000. Wolverine Asset Management LLC acquired a new stake in Nuveen Municipal Income Fund in the 4th quarter worth about $775,000. Finally, WESPAC Advisors LLC bought a new stake in Nuveen Municipal Income Fund in the 4th quarter valued at about $94,000. 16.57% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Income Fund Stock Down 0.9 %

Shares of NMI opened at $9.82 on Friday. Nuveen Municipal Income Fund, Inc. has a 12 month low of $9.11 and a 12 month high of $10.30. The firm’s 50 day moving average is $9.71 and its 200-day moving average is $9.79.

Nuveen Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 4.65%.

Nuveen Municipal Income Fund 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.