Nuveen Quality Municipal Income Fund
About: Nuveen Quality Municipal Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide current income exempted from regular federal income tax by investing in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories.
0
Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 63
23% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 26
2% more funds holding
Funds holding: 269 [Q2] → 275 (+6) [Q3]
6.41% less ownership
Funds ownership: 37.7% [Q2] → 31.29% (-6.41%) [Q3]
13% less capital invested
Capital invested by funds: $1.04B [Q2] → $906M (-$133M) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 8 (-2) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for NAD.
Financial journalist opinion
Negative
Seeking Alpha
2 weeks ago
NAD Vs. NXP Revisited: Time To Delever
Nuveen Quality Municipal Income Fund distributions are only about 52% covered by investment income. NAD is also leveraged, which helped returns in 2024 but may not be an advantage going forward as rates are no longer falling as fast. Nuveen Select Tax-Free Income Portfolio is unleveraged and fully covers its dividends with investment income.
Neutral
Seeking Alpha
2 months ago
PIMCO CEF Update: Muni Coverage And The Premium Mystery
We take a look at the PIMCO CEFs coverage, valuation, and performance. Distribution coverage for PIMCO's Muni CEFs has surged, coinciding to the retirement of auction-rate preferreds, but the increase is too high. Taxable CEFs' distribution coverage has declined, with only PDO maintaining over 100% coverage, while the rest average just above 71%.
Positive
Seeking Alpha
2 months ago
Municipal CEF Update: Discounts And Rates Deliver A Rally
We discuss Muni CEF performance, distributions and valuations in this latest update. Municipal CEFs have outperformed due to high rates, wide discounts, and rising distributions, however the easy money has mostly been made in our view. Municipal bonds remain attractive compared to corporate bonds, but Muni CEF discounts have tightened to historic averages, reducing their previous appeal.
Positive
Forbes
5 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Neutral
Business Wire
6 months ago
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.
Positive
Seeking Alpha
8 months ago
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.
Neutral
Seeking Alpha
9 months ago
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.
Neutral
Seeking Alpha
9 months ago
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.
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