Nuveen Quality Municipal Income Fund
NAD

$12.28

0.32%

Market Cap: $2.87B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

12% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 26

1% more funds holding

Funds holding: 264 [Q1] → 267 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 9 [Q1] → 9 (+0) [Q2]

3% less capital invested

Capital invested by funds: $998M [Q1] → $968M (-$30.1M) [Q2]

2.08% less ownership

Funds ownership: 37.23% [Q1] → 35.15% (-2.08%) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 84

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Research analyst outlook

We haven’t received any recent analyst ratings for NAD.

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Financial journalist opinion

Forget NVIDIA: These ‘Boring' 7.7% Dividends Just Jumped 30%

Some of our favorite high-yield dividends just did something stunning: They sent their investors' payouts soaring—in some cases by more than 30% overnight.

Forget NVIDIA: These ‘Boring' 7.7% Dividends Just Jumped 30%

NAD: Undercovered Dividend Suboptimal But Not Yet A Reason To Sell

Recent large dividend hikes in Nuveen closed end muni bond funds now have NAD paying out two times what it is earning in investment income. Overdistribution erodes a fund's net asset value and earnings power over time. In the short term, the narrowing discount to NAV and the prospect for declining leverage cost from interest rate cuts make NAD a Hold.

NAD: Undercovered Dividend Suboptimal But Not Yet A Reason To Sell

Municipal CEF Update: High Yields And Wide Discounts

Municipal CEFs have seen distribution hikes in response to activist attacks, aiming to tighten discounts and attract additional demand. Municipal bonds offer attractive valuations, high tax exemption value, and resilience during credit drawdowns, making them an appealing investment. We recently added to our muni CEF holdings on the back of these supporting tactical and strategic factors.

Municipal CEF Update: High Yields And Wide Discounts

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

NAD: Barely A Dip Reflects Underlying Strength

Bonds are dropping on "higher for longer" rate expectations, creating a buying opportunity. Nuveen Quality Muni Income Fund has attractive relative strength and munis look insulated from external shocks. NAD has a high dividend and a large discount, but underperforms compared to other munis.

NAD: Barely A Dip Reflects Underlying Strength

CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)

We review CEF market valuation and performance through the second week of March and highlight recent market action. All sectors of the closed-end fund market saw a rise in NAVs, but discounts were mixed.

CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)

Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride

We take a look at the municipal sector after a rollercoaster ride. We find that longer-duration munis remain attractive, particularly relative to corporate bonds. Separately, muni CEF discounts are wide and higher-quality bonds look best.

Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

CEF Weekly Review: Invesco Succumbs To Peer Pressure

We review CEF market valuation and performance through the first week of February and highlight recent market action. All but one sector rallied this week despite Powell taking away the March cut punchbowl. Invesco hiked the dividends of its Muni CEFs by 10-23%, following the lead of Nuveen and BlackRock.

CEF Weekly Review: Invesco Succumbs To Peer Pressure

NAD Vs. NXP: Leverage, Quality, And Duration In Muni Bond Funds

The Nuveen Quality Municipal Income Fund is expected to outperform unlevered funds in a falling rate environment. The Nuveen Select Tax-Free Income Portfolio is an unlevered fund with a similar long term total return to NAD and less volatility but with lower yield. The choice between NAD and NXP depends on an investor's economic outlook and preference for income stability or higher yield.

NAD Vs. NXP: Leverage, Quality, And Duration In Muni Bond Funds

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