NAD - Shares of Nuveen Quality Municipal Income Fund (NAD) Rise to a New 52-Week High
Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) traded today at $15.47, eclipsing its 52-week high. Approximately 66,000 shares have changed hands today, as compared to an average 30-day volume of 305,000 shares.
The Fund seeks to provide current income exempt from regular federal income tax and to enhance portfolio value.The Fund invests in municipal securities that are exempt from federal income taxes. The Fund uses leverage. By investment policy, the Fund may invest up to 35% of its managed assets in municipal securities rated at the time of investment BBB and below or judged by the manager to be of comparable quality.
In the past 52 weeks, shares of Nuveen Quality Municipal Income Fund have traded between a low of $12.74 and a high of $15.47 and is now at $15.45, which is 21% above that low price.
Based on a current price of $15.45, Nuveen Quality Municipal Income Fund is currently 0.3% above its average consensus analyst price target of $15.40.
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