Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, July 1st. This represents a $0.94 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date is Friday, June 13th.
Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.2%
Shares of NYSE:NQP traded up $0.02 on Thursday, reaching $11.16. The company had a trading volume of 20,614 shares, compared to its average volume of 76,500. Nuveen Pennsylvania Quality Municipal Income Fund has a 52-week low of $10.65 and a 52-week high of $12.89. The firm's 50 day simple moving average is $11.15 and its 200-day simple moving average is $11.40.
Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund
A hedge fund recently raised its stake in Nuveen Pennsylvania Quality Municipal Income Fund stock. Royal Bank of Canada grew its position in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Free Report) by 25.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 311,664 shares of the financial services provider's stock after buying an additional 62,761 shares during the period. Royal Bank of Canada owned 0.84% of Nuveen Pennsylvania Quality Municipal Income Fund worth $3,497,000 at the end of the most recent quarter. 30.58% of the stock is owned by hedge funds and other institutional investors.
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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