Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Stock Price Crosses Above 50 Day Moving Average of $14.11

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.11 and traded as high as $14.40. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.39, with a volume of 5,785 shares changing hands.

The company’s fifty day moving average is $14.11.

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.054 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.65 annualized dividend and a dividend yield of 4.50%.

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 42.3% in the second quarter. Janney Montgomery Scott LLC now owns 23,892 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 7,103 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 15.6% in the second quarter. Park Avenue Securities LLC now owns 38,095 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 5,149 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Nuveen Dividend Advantage Municipal Fund in the second quarter valued at approximately $59,000. Cypress Wealth Services LLC increased its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 234.5% in the second quarter. Cypress Wealth Services LLC now owns 42,329 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 29,675 shares during the last quarter. Finally, Robinson Capital Management LLC increased its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 20.0% in the second quarter. Robinson Capital Management LLC now owns 1,210,626 shares of the financial services provider’s stock valued at $17,046,000 after purchasing an additional 202,116 shares during the last quarter.

About Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)

Nuveen Quality 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 invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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