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Nuveen Michigan Quality Municipal Income Fund
As of 8 February 2021 Nuveen Michigan Quality Municipal Income Fund is acquired by Nuveen AMT-Free Quality Municipal Income Fund. Nuveen Michigan 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 Michigan. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Michigan income taxes. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Michigan Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Michigan Quality Income Municipal Fund. Nuveen Michigan Quality Municipal Income Fund was formed on July 25, 1991 and is domiciled in the United States.
Market Cap
$305.4M
Volume
31.7K
Cash and Equivalents
$5.1M
EBITDA
N/A
Tax Rate Collected
N/A
Tax Rate Ratio
N/A
Gross Profit
$18.6M
Profit Margin
100.00%
52 Week High
$15.18
52 Week Low
$10.03
Dividend
N/A
Price / Book Value
0.94
Price / Earnings
27.67
Price / Tangible Book Value
0.94
Enterprise Value
N/A
Enterprise Value / EBITDA
N/A
Operating Income
$15.3M
Return on Equity
3.40%
Return on Assets
1.81
Cash and Short Term Investments
$5.1M
Debt
$203.2M
Equity
$324.9M
Revenue
$18.6M
Unlevered FCF
$26.1M
Sector
Capital Markets
Category
N/A
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