NYSE: NAD
Nuveen Quality Municipal Income Fund is a closed-ended mutual fund specializing in fixed income investments within the United States. Managed by Nuveen Investments, it focuses on undervalued municipal securities that are exempt from federal income taxes, aiming for investment-grade securities with an average maturity of 18 years. The fund uses a bottom-up stock picking approach for its portfolio, comparing its performance against the S&P. Originally known as Nuveen Dividend Advantage Municipal Fund, it was established in 1999 and is based in the United States.
Wells Fargo just amended its filing on Nuveen's quality municipal income fund with activist intent, a posture that in closed-end fund land usually points toward pressure for tender offers, discount narrowing, or an outright open-ending. Muni CEF holders sitting on a persistent discount now have a large, motivated holder in the same boat.
By investing $20,000 in each of these high-yielding municipal bond ETFs, investors can generate $1,080 per month in tax-free income.
These eight national high-yielding municipal bond ETFs trade below net asset value, which means the price of the funds is less than the value of the bonds in the fund.
Nuveen Quality Municipal Income Fund is a closed-ended mutual fund specializing in fixed income investments within the United States.
