Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.82 and traded as high as $12.38. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.35, with a volume of 36,347 shares changing hands.
Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance
The business has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $11.82.
Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.078 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.94 annualized dividend and a yield of 7.58%.
Insider Buying and Selling at Nuveen Pennsylvania Quality Municipal Income Fund
In related news, major shareholder Saba Capital Management, L.P. acquired 8,068 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of $12.00 per share, for a total transaction of $96,816.00. Following the completion of the acquisition, the insider now owns 5,170,599 shares of the company’s stock, valued at approximately $62,047,188. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund
Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 80,802 shares of the financial services provider’s stock valued at $986,000 after buying an additional 2,100 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the second quarter worth $235,000. Whitebox Advisors LLC bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 1st quarter valued at $852,000. Commonwealth Equity Services LLC boosted its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 10.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 83,771 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 7,984 shares during the period. Finally, Napa Wealth Management bought a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $223,000. Institutional investors own 30.58% of the company’s stock.
About Nuveen Pennsylvania Quality Municipal Income Fund
Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.
Further Reading
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