NAD News and Press, Nuveen Quality Municipal Income Fund From 04/28/21

Action at the state and local levels could help drive demand for municipal bonds. The 2017 Trump tax cuts dramatically impacted the buying behavior of individual and corporate taxpayers (banks and insurance companies) in very distinct ways. In our view, passage of President Biden'...

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 fede...

We take a look at the different CEF yield metrics, focusing in particular on net asset portfolio yields after fees - what investor capital actually "earns" in the fund. We use BlackRock portfolio yield-to-worst numbers, adjusted for fund expenses, to show that taxable CEFs boast portf...

U.S. infrastructure-themed ETFs have seen assets under management grow more than eightfold over that time frame as a result of positive flows. The focus on clean energy initiatives in the bill, combined with this administration's broader climate agenda, could also prove beneficial to ...

The fixed income world is beginning to undergo a multiyear transition as aggressive monetary accommodation and government spending across key economies drive higher near-term economic growth rates. The result could be a shift to higher real rates as output gaps narrow, as well as mode...

The reorganization of Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) into Nuveen Quality Municipal Income Fund (NYSE: NAD) and the reorganization of Nuveen New York Municipal Value Fund 2 (NYSE: NYV) into Nuveen New York Municipal Value Fund (NYSE: NNY) were completed prior t...

The recent passage of US President Joe Biden's $1.9 trillion COVID-19 relief package, "The American Rescue Plan Act of 2021," not only includes checks for individuals, but also allocates funds for state and local governments. The new relief package allots $195.3 billion for states, te...

Are we going to go back to the past, as economies around the world open and vaccinations and herd immunity take hold? At Cumberland Advisors, we see less near-term municipal credit risk, but we are a little cautious of weaker sectors and regions that may not receive aid or that have h...

Shareholders of the Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) have approved the fund’s reorganization into Nuveen Quality Municipal Income Fund (NYSE: NAD). Additionally, shareholders of the Nuveen New York Municipal Value Fund, Inc. (NYSE: NNY) have approved a ch...

Rising interest rates drove negative muni bond performance in February. Rich muni bond valuations recalibrated, considerably re-setting muni-to-Treasury ratios. As markets often overcorrect, a continued sell-off could create an attractive buying opportunity. For further deta...