Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Crosses Above 200-Day Moving Average on Insider Selling

Shares of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) crossed above its two hundred day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a two hundred day moving average of $11.24 and traded as high as $12.10. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.04, with a volume of 79,381 shares changing hands.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.1%

The company’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $11.24.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a $0.078 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, October 15th.

Hedge Funds Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the first quarter valued at approximately $30,000. Highline Wealth Partners LLC purchased a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter valued at approximately $36,000. NewEdge Advisors LLC purchased a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter valued at approximately $113,000. Steward Partners Investment Advisory LLC increased its stake 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 purchasing an additional 1,200 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 19.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,814 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 2,097 shares during the last quarter. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

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.