In yesterday’s Wall Street session, Nuveen Taxable Municipal Income Fund (NYSE:NBB) shares traded at $15.96, up 1.85% from the previous session.
NBB stock price is now 2.28% away from the 50-day moving average and -7.45% away from the 200-day moving average. The market capitalization of the company currently stands at $469.04M.
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There have been several recent changes in the stakes of large investors in NBB stock. A new stake in Nuveen Taxable Municipal Income Fund shares was purchased by RIVERNORTH CAPITAL MANAGEMENT, LLC during the first quarter worth $727,000. HIGHTOWER ADVISORS, LLC invested $486,000 in shares of NBB during the first quarter. In the first quarter, ATRIA WEALTH SOLUTIONS, INC. acquired a new stake in Nuveen Taxable Municipal Income Fund valued at approximately $436,000. BELPOINTE ASSET MANAGEMENT LLC acquired a new stake in NBB for approximately $302,000. MAYFLOWER FINANCIAL ADVISORS, LLC purchased a new stake in NBB valued at around $184,000 in the second quarter. In total, there are 84 active investors with 26.93% ownership of the company’s stock.
Friday morning saw Nuveen Taxable Municipal Income Fund (NYSE: NBB) opened at $15.71. During the past 12 months, Nuveen Taxable Municipal Income Fund has had a low of $14.52 and a high of $22.88. The fifty day moving average price for NBB is $15.62 and a two-hundred day moving average price translates $17.23 for the stock.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.0925 dividend. On an annualized basis, this represents a $1.11 dividend and a 6.95% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend.
Nuveen Taxable Municipal Income Fund(NBB) Company Profile
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. It invests in Build America Bonds, i.e. taxable municipal securities. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Build America Bond Index. The fund was formerly known as Nuveen Build America Bond Fund. Nuveen Taxable Municipal Income Fund was formed on December 4, 2009 and is domiciled in the United States.
