Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 119,200 shares, a growth of 524.1% from the March 31st total of 19,100 shares. Approximately 0.3% of the company's shares are short sold. Based on an average daily volume of 77,200 shares, the short-interest ratio is currently 1.5 days.
Nuveen Pennsylvania Quality Municipal Income Fund Price Performance
Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.06 during trading on Thursday, reaching $11.36. The company's stock had a trading volume of 124,539 shares, compared to its average volume of 73,288. 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 moving average is $11.31 and its two-hundred day moving average is $11.54.
Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.078 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.24%.
Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund
Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Nuveen Pennsylvania Quality Municipal Income Fund by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 68,894 shares of the financial services provider's stock valued at $773,000 after buying an additional 1,379 shares during the period. HighTower Advisors LLC increased its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 186,315 shares of the financial services provider's stock valued at $2,083,000 after purchasing an additional 1,583 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 19.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,814 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 2,097 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 15.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,453 shares of the financial services provider's stock valued at $184,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 3.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 86,672 shares of the financial services provider's stock valued at $969,000 after acquiring an additional 2,927 shares during the last quarter. Hedge funds and other institutional investors own 30.58% of the company's stock.
Nuveen Pennsylvania Quality Municipal Income Fund Company Profile
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Get Free Report)
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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