Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.07 and traded as high as $12.64. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.57, with a volume of 46,481 shares changing hands.
The firm has a 50 day moving average price of $12.47 and a 200-day moving average price of $12.07.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.078 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.94 dividend on an annualized basis and a yield of 7.45%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Napa Wealth Management acquired a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at approximately $223,000. 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. Whitebox Advisors LLC bought a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the 1st quarter worth about $852,000. Bank of New York Mellon Corp raised its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,802 shares of the financial services provider's stock valued at $986,000 after purchasing an additional 2,100 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter valued at about $235,000. Institutional investors own 30.58% of the company's stock.
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.
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