Nuveen Quality Municipal Income Fund (NAD) Stock
The Nuveen Quality Municipal Income Fund (NAD) is a U.S.-domiciled, closed-end mutual fund that began operations on January 15, 1999, having previously been known as the Nuveen Dividend Advantage Municipal Fund. Launched by Nuveen Investments, Inc., this fund is jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
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About Nuveen Quality Municipal Income Fund
The Nuveen Quality Municipal Income Fund (NAD) is a U.S.-domiciled, closed-end mutual fund that began operations on January 15, 1999, having previously been known as the Nuveen Dividend Advantage Municipal Fund. Launched by Nuveen Investments, Inc., this fund is jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Its core objective is to invest in undervalued municipal bonds and similar instruments within the American fixed-income market, aiming to generate income that is exempt from federal income taxes. The fund's portfolio predominantly comprises investment-grade securities, targeting an average maturity of roughly 18 years. Management employs a bottom-up, fundamental analysis approach for constructing its holdings. Its performance is measured against benchmarks set by Standard & Poor's (S&P).
Nuveen Quality Municipal Income Fund is headquartered in US.
Nuveen Quality Municipal Income Fund (NAD) stock trades at $11.68 with a market capitalization of $2.73B. The stock is valued at a price-to-earnings (P/E) ratio of 14.78, price-to-book of 0.98, price-to-sales of 10.58. Over the past 52 weeks the stock has ranged between $11.04 and $12.31, and currently trades 5.1% below its 52-week high. It pays a dividend yielding 7.28%.
On profitability, Nuveen Quality Municipal Income Fund generates a return on equity (ROE) of 6.51%, return on capital employed of 3.36%, an operating margin of 62.82%, a net profit margin of 71.39%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NQU&refsrc=vu_nuveen.com/nqu