Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Share Price Crosses Above 200 Day Moving Average of $0.00

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $13.93. Nuveen Dividend Advantage Municipal Fund shares last traded at $13.91, with a volume of 4,249 shares trading hands.

The stock has a 50-day moving average of $13.79.

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, June 13th.

An institutional investor recently raised its position in Nuveen Dividend Advantage Municipal Fund stock. First Trust Advisors LP grew its position in shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,092 shares of the financial services provider’s stock after acquiring an additional 4,167 shares during the quarter. First Trust Advisors LP’s holdings in Nuveen Dividend Advantage Municipal Fund were worth $612,000 at the end of the most recent reporting period.

Nuveen Dividend Advantage Municipal Fund Company Profile (NYSE:NAD)

Nuveen Quality Municipal Income Fund 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 invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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