Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Price Crosses Above Two Hundred Day Moving Average of $12.07

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The stock’s 50 day moving average price is $12.47 and its 200 day moving average price is $12.07.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.45%.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter valued at about $413,000. Almitas Capital LLC raised its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 22.5% in the 2nd quarter. Almitas Capital LLC now owns 1,183,331 shares of the financial services provider’s stock valued at $14,437,000 after purchasing an additional 217,464 shares during the period. Whitebox Advisors LLC raised its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 121.1% in the 2nd quarter. Whitebox Advisors LLC now owns 159,331 shares of the financial services provider’s stock valued at $1,944,000 after purchasing an additional 87,252 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 7.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 53,022 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 3,737 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 86,429 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 2,658 shares during the period. 30.58% of the stock is owned by 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.