Nuveen Ohio Quality Income Muncpl Fund (NUO) Hits New 52-Week Low at $13.05

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Shares of Nuveen Ohio Quality Income Muncpl Fund (NYSE:NUO) hit a new 52-week low during trading on Monday . The stock traded as low as $13.05 and last traded at $13.16, with a volume of 1148 shares trading hands. The stock had previously closed at $13.16.

The company also recently declared a monthly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.0455 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.14%.

Several hedge funds have recently added to or reduced their stakes in NUO. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Nuveen Ohio Quality Income Muncpl Fund in the 2nd quarter worth $524,000. Commonwealth Equity Services LLC purchased a new position in shares of Nuveen Ohio Quality Income Muncpl Fund in the 2nd quarter worth $216,000. Bartlett & Co. LLC boosted its stake in shares of Nuveen Ohio Quality Income Muncpl Fund by 11.7% in the 2nd quarter. Bartlett & Co. LLC now owns 115,013 shares of the asset manager’s stock worth $1,599,000 after buying an additional 12,004 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Nuveen Ohio Quality Income Muncpl Fund by 43.4% in the 2nd quarter. Fiera Capital Corp now owns 99,514 shares of the asset manager’s stock worth $1,383,000 after buying an additional 30,129 shares during the last quarter. Finally, Mariner Investment Group LLC purchased a new position in shares of Nuveen Ohio Quality Income Muncpl Fund in the 2nd quarter worth $694,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.

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Nuveen Ohio Quality Income Muncpl Fund Company Profile (NYSE:NUO)

Nuveen Ohio 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 Ohio. The fund invests in tax exempt municipal bonds.

Further Reading: Understanding Price to Earnings Ratio (PE)

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