Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) traded at a new 52-week high today of $16.10. This new high was reached on approximately average trading volume as 243,000 shares traded hands, while the average 30-day volume is approximately 339,000 shares.
Nuveen Quality Municipal Income Fund (NYSE:NAD) defies analysts with a current price ($16.05) 0.2% above its average consensus price target of $16.01.
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.
Over the past year, Nuveen Quality Municipal Income Fund has traded in a range of $13.96 to $16.10 and is now at $16.05, 15% above that low.
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