Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Shares Pass Above 200 Day Moving Average of $10.89

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQPGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.89 and traded as high as $11.64. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.63, with a volume of 24,169 shares.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The stock has a 50 day moving average price of $11.42 and a two-hundred day moving average price of $10.89.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, January 11th.

Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 35,045 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $10.36 per share, with a total value of $363,066.20. Following the purchase, the insider now owns 4,023,794 shares of the company’s stock, valued at $41,686,505.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 512,450 shares of company stock valued at $5,639,848. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the company. Saba Capital Management L.P. raised its position in Nuveen Pennsylvania Quality Municipal Income Fund by 22.2% in the 3rd 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 purchasing an additional 575,257 shares during the last quarter. Logan Stone Capital LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 416.3% during the fourth quarter. Logan Stone Capital LLC now owns 300,372 shares of the financial services provider’s stock worth $3,343,000 after acquiring an additional 242,196 shares during the last quarter. Almitas Capital LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 142.5% during the third quarter. Almitas Capital LLC now owns 344,236 shares of the financial services provider’s stock worth $3,501,000 after acquiring an additional 202,262 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the second quarter worth $1,246,000. Finally, Wells Fargo & Company MN raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 57.7% during the second quarter. Wells Fargo & Company MN now owns 226,514 shares of the financial services provider’s stock worth $2,761,000 after acquiring an additional 82,877 shares during the last quarter. Institutional investors and hedge funds own 22.87% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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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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