Nuveen Quality Municipal Income Fund (NAD): NAD moving down?

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Nuveen Quality Municipal Income Fund (NYSE:NAD) changes shares on Friday trading session, with a change of -0.14% or -$0.02 shares. After the session, the Financial sector daily volume shifted to 0.35 million while its average volume is 523.28K. In other hand, the NAD market cap reached to $2.82B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.21% and up 0.50% for month. Its quarterly performance was 3.87% above, while its half year performance is down -4.31%. NAD yearly performance stood at positive 0.01% and fall -4.31% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NAD EPS (TTM) for 12-month is 2.13.

Karpus Management Inc, Wells Fargo & Company and Rivernorth Capital Management, Llc are the top three holders in Nuveen Quality Municipal Income Fund (NAD) stock. On Mar 30, 2020, Karpus Management Inc has 12.75 million shares which valued 175.24 million. On Mar 30, 2020, Wells Fargo & Company owned 6.24 million shares which valued at 85.8 million. On Mar 30, 2020, Rivernorth Capital Management, Llc has a total of 5.5 million shares which valued at 75.56 million. In the end, Rivernorth Capital Management, Llc have 2.72% shares outstanding of Nuveen Quality Municipal Income Fund (NAD) on Mar 30, 2020. The institutional holding shifted to 25.71%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NAD fall -1.62% for period of 200 days. SMA for 50 days was 2.15% which is showing green signal, while SMA-20 was -0.56%. The moving average value for Nuveen Quality Municipal Income Fund (NAD) is 14.10 and 13.81 for 200 and 50 days respectively.