Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Shares Cross Above 200-Day Moving Average After Insider Selling

Shares of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) passed above its 200-day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $11.12 and traded as high as $11.43. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.38, with a volume of 109,922 shares changing hands.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

The stock’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $11.12.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.078 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NQP. Costello Asset Management INC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the first quarter valued at about $30,000. Elequin Capital LP acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at about $57,000. NewEdge Advisors LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter valued at about $113,000. Jane Street Group LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at about $134,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Nuveen Pennsylvania Quality Municipal Income Fund by 10.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 12,700 shares of the financial services provider’s stock valued at $142,000 after buying an additional 1,200 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.