Nuveen Taxable Municipal Income Fund (NYSE:NBB) Shares Down 0.6%

Nuveen Taxable Municipal Income Fund (NYSE:NBB) shares fell 0.6% on Wednesday . The company traded as low as $15.33 and last traded at $15.37. 30,104 shares traded hands during trading, a decline of 58% from the average session volume of 71,209 shares. The stock had previously closed at $15.46.

Nuveen Taxable Municipal Income Fund Stock Performance

The stock has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $15.39.

Nuveen Taxable Municipal Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.097 per share. This is a positive change from Nuveen Taxable Municipal Income Fund’s previous monthly dividend of $0.07. This represents a $1.16 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Friday, June 14th.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Several institutional investors have recently modified their holdings of NBB. Cetera Advisors LLC acquired a new position in shares of Nuveen Taxable Municipal Income Fund in the 1st quarter valued at approximately $229,000. Osaic Holdings Inc. grew its position in shares of Nuveen Taxable Municipal Income Fund by 1.4% in the 1st quarter. Osaic Holdings Inc. now owns 547,909 shares of the company’s stock valued at $8,394,000 after purchasing an additional 7,646 shares during the period. Focused Wealth Management Inc grew its position in shares of Nuveen Taxable Municipal Income Fund by 37.0% in the 1st quarter. Focused Wealth Management Inc now owns 17,779 shares of the company’s stock valued at $272,000 after purchasing an additional 4,804 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Nuveen Taxable Municipal Income Fund in the 1st quarter valued at approximately $154,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Nuveen Taxable Municipal Income Fund by 4.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,002 shares of the company’s stock valued at $659,000 after purchasing an additional 1,984 shares during the period.

About Nuveen Taxable Municipal Income Fund

Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.