Notable Ownership Action: Nuveen Municipal Income Fund Inc (NYSE:NMI) Institutional Investors Q2 2016 Sentiment

November 18, 2016 - By Vivian Park   ·   0 Comments

Notable Ownership Action: Nuveen Municipal Income Fund Inc (NYSE:NMI) Institutional Investors  Q2 2016 Sentiment

Sentiment for Nuveen Municipal Income Fund Inc (NYSE:NMI)

Nuveen Municipal Income Fund Inc (NYSE:NMI) institutional sentiment decreased to 0.5 in 2016 Q2. Its down -0.39, from 0.89 in 2016Q1. The ratio is negative, as 8 institutional investors opened new or increased stock positions, while 9 sold and reduced stakes in Nuveen Municipal Income Fund Inc. The institutional investors in our partner’s database now have: 269,302 shares, down from 393,225 shares in 2016Q1. Also, the number of institutional investors holding Nuveen Municipal Income Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 4 Increased: 8 New Position: 0.

Nuveen Municipal Income Fund, Inc. is a diversified, closed-end management investment company. The company has a market cap of $94.46 million. The Fund’s investment objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States It invests approximately 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. It has a 15.36 P/E ratio. It may invest over 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of over 10% of its managed assets may be rated below B-/B3 or of comparable quality.

About 15,734 shares traded hands or 50.36% up from the average. Nuveen Municipal Income Fund Inc. (NYSE:NMI) has declined 6.29% since April 18, 2016 and is downtrending. It has underperformed by 10.72% the S&P500.

Sheets Smith Wealth Management holds 0.06% of its portfolio in Nuveen Municipal Income Fund Inc. for 14,500 shares. Ledyard National Bank owns 10,795 shares or 0.03% of their US portfolio. Moreover, Atlantic Trust Group Llc has 0% invested in the company for 37,000 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Cambridge Investment Research Advisors Inc., a Iowa-based fund reported 12,076 shares.#img1#

NMI Company Profile

Nuveen Municipal Income Fund, Inc. (the Fund) is a closed-end diversified management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities, or certain United States territories. The Company’s investments also include zero coupon bonds and inverse floaters.

More notable recent Nuveen Municipal Income Fund Inc. (NYSE:NMI) news were published by: Businesswire.com which released: “Nuveen Announces Completion of Two Municipal Closed-End Fund Mergers” on September 12, 2016, also Businesswire.com with their article: “Nuveen Announces Completion of National Municipal Closed-End Fund Mergers” published on April 11, 2016, Businesswire.com published: “Nine Nuveen Municipal Closed-End Funds Declare Pre-Merger Distributions” on August 30, 2016. More interesting news about Nuveen Municipal Income Fund Inc. (NYSE:NMI) were released by: Businesswire.com and their article: “Nuveen Announces Shareholder Approval of Two Municipal Closed-End Fund Mergers” published on August 22, 2016 as well as Businesswire.com‘s news article titled: “Nuveen AMT-Free Quality Municipal Income Fund Completes Private Issuance of …” with publication date: October 19, 2016.

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By Vivian Park


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