Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Shares Cross Above 200 Day Moving Average of $11.19

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.19 and traded as high as $11.55. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.51, with a volume of 27,944 shares.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The stock has a fifty day moving average price of $11.71 and a 200 day moving average price of $11.19.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0455 per share. The ex-dividend date is Friday, April 12th. This represents a $0.55 annualized dividend and a yield of 4.76%.

Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. bought 2,687 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $11.82 per share, with a total value of $31,760.34. Following the transaction, the insider now directly owns 4,835,695 shares in the company, valued at $57,157,914.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have bought 144,132 shares of company stock worth $1,699,170. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Napa Wealth Management acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter worth $223,000. Citadel Advisors LLC acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth $163,000. Pathstone Holdings LLC bought a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $376,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 60.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,000 shares of the financial services provider's stock worth $104,000 after purchasing an additional 3,400 shares during the period. Finally, Robinson Capital Management LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 80.8% during the fourth quarter. Robinson Capital Management LLC now owns 139,994 shares of the financial services provider's stock valued at $1,620,000 after buying an additional 62,573 shares during the last quarter. 30.58% of the stock is currently owned by institutional investors and hedge funds.

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.