Hennion & Walsh Asset Management Inc. Sells 2,019 Shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI)

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 185,430 shares of the company’s stock after selling 2,019 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Income Fund were worth $1,752,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC boosted its position in Nuveen Municipal Income Fund by 321.0% during the fourth quarter. Wolverine Asset Management LLC now owns 57,573 shares of the company’s stock worth $530,000 after purchasing an additional 43,897 shares during the period. Fortitude Advisory Group L.L.C. raised its position in shares of Nuveen Municipal Income Fund by 9.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 26,920 shares of the company’s stock valued at $248,000 after purchasing an additional 2,320 shares during the period. Finally, 1607 Capital Partners LLC lifted its stake in shares of Nuveen Municipal Income Fund by 2.2% in the fourth quarter. 1607 Capital Partners LLC now owns 785,667 shares of the company’s stock worth $7,228,000 after buying an additional 17,254 shares during the last quarter. 16.57% of the stock is owned by institutional investors.

Nuveen Municipal Income Fund Trading Up 0.7 %

NYSE:NMI opened at $9.81 on Friday. Nuveen Municipal Income Fund, Inc. has a 1 year low of $8.30 and a 1 year high of $9.85. The firm’s fifty day simple moving average is $9.40 and its 200 day simple moving average is $9.32.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.036 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.41%.

About Nuveen Municipal Income Fund

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.