Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Price Crosses Above 200 Day Moving Average of $11.07

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQPGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.07 and traded as high as $11.83. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.82, with a volume of 95,147 shares traded.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.3 %

The firm has a 50-day simple moving average of $11.68 and a 200-day simple moving average of $11.07.

Nuveen Pennsylvania Quality Municipal Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.0455 per share. This is an increase from Nuveen Pennsylvania Quality Municipal Income Fund’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, March 14th. This represents a $0.55 dividend on an annualized basis and a yield of 4.62%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 6,432 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Thursday, January 4th. The shares were purchased at an average cost of $11.66 per share, with a total value of $74,997.12. Following the completion of the purchase, the insider now owns 4,491,141 shares of the company’s stock, valued at $52,366,704.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have purchased 231,080 shares of company stock valued at $2,712,114. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

Several large investors have recently modified their holdings of NQP. Saba Capital Management L.P. lifted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 22.2% during the third quarter. Saba Capital Management L.P. now owns 3,166,433 shares of the financial services provider’s stock valued at $32,203,000 after purchasing an additional 575,257 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 6.3% during the second quarter. Wells Fargo & Company MN now owns 515,809 shares of the financial services provider’s stock valued at $5,798,000 after purchasing an additional 30,715 shares during the last quarter. Fiera Capital Corp raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 2.1% in the 3rd quarter. Fiera Capital Corp now owns 511,765 shares of the financial services provider’s stock worth $5,205,000 after acquiring an additional 10,546 shares during the last quarter. Almitas Capital LLC raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 142.5% in the 3rd quarter. Almitas Capital LLC now owns 344,236 shares of the financial services provider’s stock worth $3,501,000 after acquiring an additional 202,262 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 6.2% in the 1st quarter. Bank of America Corp DE now owns 304,682 shares of the financial services provider’s stock worth $3,483,000 after acquiring an additional 17,897 shares during the last quarter. 30.58% of the stock is owned by institutional investors.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Nuveen Pennsylvania Quality Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Pennsylvania Quality Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.