Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• NYSE:NQP crossed above its 200‑day moving average, trading as high as $11.93 versus a 200‑day MA of $11.89 and last at $11.8950 on volume of 258,862 shares.
• Monthly dividend declared: $0.078 per share (annualized yield ~7.9%), payable April 1 with record/ex‑dividend date March 13.
• Fund profile and ownership: NQP is a closed‑end municipal bond fund focused on investment‑grade Pennsylvania municipal securities (80% policy, BBB+ or higher), and institutional investors hold about 30.6% of the shares.

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.89 and traded as high as $11.93. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.8950, with a volume of 258,862 shares changing hands.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.1%

The firm's 50 day moving average is $11.98 and its two-hundred day moving average is $11.89.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.078 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Hedge Funds Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth approximately $26,000. Highline Wealth Partners LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 3rd quarter valued at $36,000. Kestra Advisory Services LLC purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth $41,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth $42,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the second quarter worth $113,000. Hedge funds and other institutional investors own 30.58% of the company's stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund NYSE: NQP is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB' or higher, emphasizing general obligation and revenue-secured municipal debt.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.