In a notable performance, Nuveen Virginia Premium Income Municipal Fund (NPV) stock has reached a 52-week high, trading at $11.83. This peak reflects a significant uptrend for the fund, which specializes in Virginia municipal bonds, offering investors tax-exempt income. Over the past year, NPV has seen a healthy growth of 7.45%, indicating a robust recovery and investor confidence in the fund's management and underlying assets. This 52-week high serves as a testament to the fund's resilience and appeal to investors seeking stable, tax-advantaged income streams amidst a fluctuating market environment.
InvestingPro Insights
The recent performance of Nuveen Virginia Premium Income Municipal Fund (NPV) is not only marked by its 52-week high but also by its substantial dividend yield. According to InvestingPro data, NPV boasts a dividend yield of 7.4% as of the latest data, which is particularly attractive for income-focused investors. The fund's ability to maintain dividend payments for an impressive 32 consecutive years, as noted in one of the InvestingPro Tips, underscores its commitment to returning value to shareholders.
InvestingPro Tips also highlight that the stock trades with low price volatility, which can be reassuring for investors who prioritize stability. This is further supported by the fund's current market capitalization of $209.36 million and a price-to-earnings (P/E) ratio of 32.96, offering a glimpse into the fund's size and valuation in the market. Moreover, the fund's price is hovering near its 52-week high, at 98.73% of this peak, indicating sustained investor interest.
For those interested in gaining more insights and tips, there are additional InvestingPro Tips available for NPV. Discover these and more detailed analytics to enhance your investment strategy by visiting https://www.investing.com/pro/NPV. Don't forget to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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