Nuveen Taxable Municipal Income Fund (NBB) Sets New 52-Week High at $21.00

Nuveen Taxable Municipal Income Fund (NYSE:NBB)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.00 and last traded at $20.95, with a volume of 50 shares trading hands. The stock had previously closed at $20.90.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.103 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.24 annualized dividend and a yield of 5.93%.

A number of large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. grew its stake in Nuveen Taxable Municipal Income Fund by 5.1% during the first quarter. Sit Investment Associates Inc. now owns 936,040 shares of the company’s stock valued at $19,208,000 after acquiring an additional 45,685 shares in the last quarter. Citigroup Inc. grew its stake in Nuveen Taxable Municipal Income Fund by 86.9% during the first quarter. Citigroup Inc. now owns 6,006 shares of the company’s stock valued at $123,000 after acquiring an additional 2,793 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Nuveen Taxable Municipal Income Fund by 98.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,734 shares of the company’s stock valued at $118,000 after acquiring an additional 2,846 shares in the last quarter. LLBH Private Wealth Management LLC grew its stake in Nuveen Taxable Municipal Income Fund by 82.7% during the first quarter. LLBH Private Wealth Management LLC now owns 209,942 shares of the company’s stock valued at $4,308,000 after acquiring an additional 95,019 shares in the last quarter. Finally, Hanson McClain Inc. bought a new stake in Nuveen Taxable Municipal Income Fund during the first quarter valued at approximately $103,000.

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About Nuveen Taxable Municipal Income Fund (NYSE:NBB)

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.

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