NBB Nuveen Taxable Municipal Income Fund
XNYSStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
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- Exchange
- XNYS
- Market Cap
- $0.4B
- List Date
- 2010-04-28
- CIK
- 0001478888
- Homepage
- https://www.nuveen.com
Nuveen Taxable Municipal Income Fund is a closed-end fund incorporated in the United States. Its primary objective is current income through investments in taxable municipal securities; the secondary objective is to seek enhanced portfolio value and total return. The fund has single operating segment.
- Expense ratio
- —
- Assets
- $418M shares × price, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $1.5M 30 sessions
- Holdings
- —
- Listed
- Apr 28, 2010 NYSE
Moves with. US large-cap stocks (14% of its variance, beta 0.31); Long Treasuries (12% of its variance, beta 0.30); Developed markets ex-US over US (4% of its variance, beta 0.20). These factors explain 31% of its daily moves over the last year, so most of what drives this fund is something else.
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $52.1B | −4.7% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $50.4B | −5.0% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.7B | −4.9% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $7.2B | −3.8% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.1B | −7.7% | compare |
The largest other funds in the National Muni category.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.77% | -4.52% | 5.57% | 2.42% | 5.58% | 1.27% | 1.85% |
| Feb | -5.29% | -4.33% | -4.94% | -4.57% | 2.77% | 3.41% | -2.16% |
| Mar | -0.53% | -5.93% | -0.25% | -1.29% | -2.73% | -4.04% | -2.46% |
| Apr | 1.07% | -7.65% | 0.31% | -3.94% | -2.12% | 1.21% | -1.85% |
| May | 0.22% | 2.13% | -4.05% | 2.32% | -0.32% | 0.32% | 0.10% |
| Jun | 2.14% | -5.47% | 1.29% | 3.26% | 1.09% | -0.32% | 0.33% |
| Jul | 0.99% | 2.50% | -0.38% | 5.62% | -1.07% | -3.37% | 0.71% |
| Aug | -0.97% | -2.51% | -1.36% | 1.53% | -0.13% | 0.79% | -0.44% |
| Sep | -2.26% | -10.75% | -4.53% | -0.06% | 1.76% | -6.42% | -3.71% |
| Oct | -0.13% | -4.33% | -2.11% | -2.69% | 1.53% | 0.07%* | -1.28% |
| Nov | -1.99% | 6.44% | 6.75% | 1.24% | -0.79% | -- | 2.33% |
| Dec | -0.92% | -3.86% | 3.34% | -9.05% | -3.07% | -- | -2.71% |
| Total | -6.89% | -33.11% | -1.13% | -5.97% | 2.18% | -7.24% | -8.69% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is a comprehensive stock analysis report for NBB:
Executive Summary
BULLISH (Confidence level: 6/10)
Key drivers: Technical indicators suggest a potential trend reversal, with RSI in neutral territory and MACD signal line crossovers indicating bearish momentum. News sentiment is neutral, but recent headlines highlight the fund's consistent performance.
Primary risks: Volatility remains low, making it challenging to predict significant price movements.
Investment thesis: NBB's historical volatility suggests a relatively stable investment opportunity, with potential for long-term appreciation. Recent news highlights its consistent performance and tax-efficient features.
Recent news sentiment impact: Neutral headlines have not significantly impacted the stock price, suggesting investors are focused on underlying fundamentals.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - neutral to bearish; Medium-term (1-3 months) - bullish; Long-term (3-12 months) - neutral
Support/Resistance Levels: SMA 20: $15.64, SMA 50: $15.70, and Bollinger Bands upper/lower: $15.82/$15.47
Momentum Signals
- RSI interpretation: Neutral (43.03), suggesting no clear buying or selling pressure
- MACD signal: Bearish momentum (-0.02 / -0.01 / -0.02)
- Bollinger Bands position: Squeeze, indicating potential breakout/breakdown
Volume Analysis: Volume trends suggest institutional interest is low to moderate.
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines from Seeking Alpha highlighting NBB's consistent performance and tax-efficient features.
Sentiment Assessment: Aggregate news sentiment is neutral (6/10).
Catalyst Identification: No specific earnings or product launch announcements. Regulatory changes could impact the muni bond market, affecting NBB's value.
Market Narrative: News headlines align with technical signals, suggesting a potential trend reversal and increased investor interest.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta: 0.28).
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: No options data available.
Downside Protection: Support levels include SMA 20, SMA 50, and Bollinger Bands lower band at $15.47.
Market Context & Positioning
Sector Performance: NBB's sector (Muni Bonds) has been relatively stable in recent months.
Institutional Activity: Low to moderate institutional interest suggests potential for increased investor participation.
Correlation Analysis: NBB moves less than the broader market, indicating low correlation.
Relative Valuation: NBB is trading within its historical range, suggesting a potentially attractive entry point.
Key Levels & Action Items
Critical Price Levels: SMA 20: $15.64, SMA 50: $15.70, and Bollinger Bands upper/lower: $15.82/$15.47
Breakout/Breakdown Levels: Watch for potential breakouts above the upper Bollinger Band or breakdowns below the lower band.
Time-Sensitive Catalysts: No specific earnings or product launch announcements.
Risk Management: Consider using stop-loss levels at SMA 20 and SMA 50 to manage risk.
Please note that this analysis is based on publicly available data and should not be considered as investment advice.
NBB Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $393K | #2216 of 4729 | +407.3% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
NBB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
NBB Insider Trading (Form 4)
Latest: 2026-03-06| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-03-06 | William A Siffermann | Vice President | Buy (P) | +75 | $16.20 | $1.2K | EDGAR |
| 2019-05-13 | Gifford R Zimmerman | Secretary | Sell (S) | −858 | $20.82 | -$17.9K | EDGAR |
| 2018-11-20 | William A Siffermann | Vice President | Other (J) | +324 | — | EDGAR | |
| 2018-11-20 | Gifford R Zimmerman | Secretary | Other (J) | +858 | — | EDGAR | |
| 2017-05-15 | Nuveen Fund Advisors, LLC | Sell (S) | −5,250 | $20.73 | -$108.8K | EDGAR |
NBB Insider Holdings
1 insider · @ $14.31| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | William A Siffermann | Vice President | 615 | $8.8K | $1.2K | 2 | 2026-03-06 |
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | PCEF Invesco CEF Income Composite ETF | Invesco | 0.45% | $3.3M | — | 2026-10-20 |
| 2 | FCEF First Trust Income Opportunities ETF | First Trust | 0.93% | $739,184 | $79.6M | 2026-10-20 |
| 3 | CCEF Calamos CEF Income & Arbitrage ETF | Nport | 0.93% | $314,467 | — | 2026-07-31 |
| 4 | CVY Invesco Zacks Multi-Asset Income ETF | Nport | 0.11% | $133,589 | — | 2026-07-31 |
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.