Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Share Price Passes Above Two Hundred Day Moving Average of $11.25

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.25 and traded as high as $11.49. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.47, with a volume of 50,157 shares traded.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.3 %

The business’s fifty day moving average is $11.68 and its 200-day moving average is $11.26.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.0455 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.55 dividend on an annualized basis and a yield of 4.78%.

Insider Buying and Selling

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 36,800 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $11.79 per share, for a total transaction of $433,872.00. Following the completion of the purchase, the insider now directly owns 4,872,495 shares of the company’s stock, valued at $57,446,716.05. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 176,040 shares of company stock worth $2,064,835. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Large investors have recently modified their holdings of the business. Simon Quick Advisors LLC purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter worth about $114,000. ARS Wealth Advisors Group LLC bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the third quarter valued at approximately $160,000. Napa Wealth Management purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth approximately $223,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 1,007.1% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 23,846 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 21,692 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth approximately $277,000. Hedge funds and other institutional investors own 30.58% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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.