Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Stock Price Crosses Above 50-Day Moving Average of $14.39

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 $14.39 and traded as high as $14.43. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.43, with a volume of 174,834 shares changing hands.

The firm’s 50-day moving average price is $14.39 and its 200 day moving average price is $14.19.

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 14th.

Several large investors have recently modified their holdings of the company. Gainplan LLC raised its position in shares of Nuveen Dividend Advantage Municipal Fund by 43.1% in the 3rd quarter. Gainplan LLC now owns 27,178 shares of the financial services provider’s stock valued at $390,000 after buying an additional 8,183 shares in the last quarter. Delphi Financial Group Inc. grew its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 26.7% during the 3rd quarter. Delphi Financial Group Inc. now owns 342,452 shares of the financial services provider’s stock valued at $4,918,000 after purchasing an additional 72,100 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 34.5% during the 3rd quarter. First Trust Advisors LP now owns 87,799 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 22,520 shares during the last quarter. Creative Planning grew its holdings in shares of Nuveen Dividend Advantage Municipal Fund by 3.0% during the 3rd quarter. Creative Planning now owns 47,289 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Nuveen Dividend Advantage Municipal Fund during the 3rd quarter valued at approximately $315,000.

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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