Nuveen Virginia Quality Municipal Income Fund (NPV)
Nuveen Virginia Quality Municipal Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $9.46, down 0.89% on the session, giving a market capitalisation of $185.2M. On trailing twelve-month figures it carries a trailing P/E of 8.38, a net margin of 135.6%. Its beta of 0.71 implies it has historically moved less than the broad market.
The Nuveen Virginia Quality Municipal Income Fund, established by Nuveen Investments, Inc., operates as a closed-end investment vehicle concentrating on fixed-income securities. Its management responsibilities are jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital to the fixed-income markets within Virginia. A key focus is on acquiring municipal securities that hold an investment-grade rating of Baa/BBB or superior. A significant benefit of these holdings is their ability to generate income that is exempt from both federal and Virginia state income taxation. To construct its portfolio, the fund utilizes a rigorous investment strategy that combines fundamental analysis with a bottom-up security selection process. Its performance is measured against two relevant benchmarks: the S&P National Municipal Bond Index and the S&P Virginia Municipal Bond Index. Initially known as the Nuveen Virginia Premium Income Municipal Fund, this fund commenced operations on January 12, 1993, and is domiciled in the United States.
Nuveen Virginia Quality Municipal Income Fund is most often compared with the following Financial Services names: