Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Passes Above 200 Day Moving Average of $11.19

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.19 and traded as high as $11.55. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.51, with a volume of 27,944 shares changing hands.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.1 %

The business has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.19.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.0455 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.55 annualized dividend and a dividend yield of 4.74%.

Insider Buying and Selling

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. acquired 2,687 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $11.82 per share, for a total transaction of $31,760.34. Following the transaction, the insider now directly owns 4,835,695 shares in the company, valued at $57,157,914.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 144,132 shares of company stock worth $1,699,170 in the last ninety days. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. increased its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 22.2% in 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 buying an additional 575,257 shares during the period. Wells Fargo & Company MN grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 6.3% in 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 acquiring an additional 30,715 shares during the period. Fiera Capital Corp grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 2.1% in the third quarter. Fiera Capital Corp now owns 511,765 shares of the financial services provider’s stock valued at $5,205,000 after acquiring an additional 10,546 shares during the period. Almitas Capital LLC grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 142.5% in the third quarter. Almitas Capital LLC now owns 344,236 shares of the financial services provider’s stock valued at $3,501,000 after acquiring an additional 202,262 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 6.2% during the first quarter. Bank of America Corp DE now owns 304,682 shares of the financial services provider’s stock valued at $3,483,000 after buying an additional 17,897 shares during the last quarter. Institutional investors and hedge funds own 30.58% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.