S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Slow start to New York's legal pot market leaves farmers holding the bag
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil sleek headset aimed at thrusting the masses into alternate realities
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Slow start to New York's legal pot market leaves farmers holding the bag
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil sleek headset aimed at thrusting the masses into alternate realities
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Slow start to New York's legal pot market leaves farmers holding the bag
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil sleek headset aimed at thrusting the masses into alternate realities
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Slow start to New York's legal pot market leaves farmers holding the bag
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil sleek headset aimed at thrusting the masses into alternate realities
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NYSE:NQP

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) Stock Forecast, Price & News

$11.08
-0.04 (-0.36%)
(As of 06/2/2023 ET)
Compare
Today's Range
$11.07
$11.13
50-Day Range
$10.90
$11.49
52-Week Range
$10.25
$12.75
Volume
66,979 shs
Average Volume
46,448 shs
Market Capitalization
$414.17 million
P/E Ratio
N/A
Dividend Yield
3.97%
Price Target
N/A

NQP stock logo

About Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock

Nuveen Pennsylvania Quality Municipal Income Fund is a closed-ended fund targeting the fixed-income markets of Pennsylvania. It was previously known as Nuveen Pennsylvania Investment Quality Municipal Fund and was founded in December 1990. The fund is headquartered in the U.S. and is subject to applicable laws and taxes.

The primary objective of the fund is to generate income exempt from Pennsylvania personal income taxes as well as federal income taxes. The secondary objective is to generate capital gains by improving the portfolio’s value. The fund is externally managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Nuveen is a TIAA company that was originally founded in 1898 to finance public infrastructure projects. Among its achievements are funding the building of America’s public schools and innovating new forms of bonds to fund highways.

The fund invests up to 80% of the portfolio in tax-exempt municipal bonds with a rating of Baa/BBB or higher. Up to 20% of the portfolio may be sub-investment grade with 10% allocated to bonds rated B-/B3 or lower. Total assets under management topped $720.750 million in the second half of 2022 with total distributions in excess of $27.00 per share since inception.

The fund managers use a blend of fundamental analysis and a bottom-up stock-picking approach in creating their portfolio and actively manage its components. The fund's average return on NAV since inception is 5.45% as of October 2022 and the shares tend to trade at a 15% discount to its NAV or net asset value.

The fund benchmarks the performance of its portfolio against Standard & Poor's Pennsylvania Municipal Bond Index and Standard & Poor's National Municipal Bond Index. Income is distributed monthly in the form of a dividend that is paid from earnings. The company also uses leverage to enhance gains but the leverage ratio tends to run low near 40%. The average cost of financing was 2.38% in October 2022 with an average portfolio coupon of 4.56%. There were 288 holdings at the time with an average maturity of 16.6 years. The top 3 holdings, comprising roughly 20% of the portfolio, were Pennsylvania Housing Finance Agency Single Family Mortgage Revenue Bonds, Energy Harbor Corp, and Pennsylvania State Turnpike Commission Toll Revenue Bonds.

 

Receive NQP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nuveen Pennsylvania Quality Municipal Income Fund and its competitors with MarketBeat's FREE daily newsletter.

NQP Stock News Headlines

15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Wells Fargo Income Opportunities Fund
First Trust High Inc Long/Short Fund
Western Asset Mortgage Capital Corp
Three of the Best Steady Eddie Muni Funds
See More Headlines

NQP Price History

NQP Company Calendar

Ex-Dividend for 5/1 Dividend
4/13/2023
Dividend Payable
5/01/2023
Ex-Dividend for 6/1 Dividend
5/12/2023
Dividend Payable
6/01/2023
Today
6/04/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Investment offices, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Phone
N/A
Fax
N/A
Employees
147,000
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
37,009,000
Market Cap
$414.17 million
Optionable
Not Optionable
Beta
0.36














NQP Stock - Frequently Asked Questions

How have NQP shares performed in 2023?

Nuveen Pennsylvania Quality Municipal Income Fund's stock was trading at $11.13 at the beginning of the year. Since then, NQP stock has decreased by 0.4% and is now trading at $11.08.
View the best growth stocks for 2023 here
.

Are investors shorting Nuveen Pennsylvania Quality Municipal Income Fund?

Nuveen Pennsylvania Quality Municipal Income Fund saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,600 shares, an increase of 216.1% from the April 30th total of 6,200 shares. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is currently 0.4 days.
View Nuveen Pennsylvania Quality Municipal Income Fund's Short Interest
.

How often does Nuveen Pennsylvania Quality Municipal Income Fund pay dividends? What is the dividend yield for Nuveen Pennsylvania Quality Municipal Income Fund?

Nuveen Pennsylvania Quality Municipal Income Fund announced a monthly dividend on Monday, May 1st. Shareholders of record on Monday, May 15th will be given a dividend of $0.029 per share on Thursday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for NQP
.

What ETFs hold Nuveen Pennsylvania Quality Municipal Income Fund's stock?

ETFs with the largest weight of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) stock in their portfolio include Saba Closed-End Funds ETF (CEFS).VanEck Muni Allocation ETF (MAAX).

Is Nuveen Pennsylvania Quality Municipal Income Fund a good dividend stock?

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.93%.
Read our dividend analysis for NQP.

What other stocks do shareholders of Nuveen Pennsylvania Quality Municipal Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nuveen Pennsylvania Quality Municipal Income Fund investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), ALJ Regional (ALJJ), Express (EXPR) and Graham (GHM).

What is Nuveen Pennsylvania Quality Municipal Income Fund's stock symbol?

Nuveen Pennsylvania Quality Municipal Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "NQP."

Who are Nuveen Pennsylvania Quality Municipal Income Fund's major shareholders?

Nuveen Pennsylvania Quality Municipal Income Fund's stock is owned by a number of institutional and retail investors. Top institutional investors include Fiera Capital Corp (1.17%), Allspring Global Investments Holdings LLC (1.05%), Mackay Shields LLC (0.90%), Bank of America Corp DE (0.82%), Karpus Management Inc. (0.49%) and HighTower Advisors LLC (0.49%).

How do I buy shares of Nuveen Pennsylvania Quality Municipal Income Fund?

Shares of NQP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nuveen Pennsylvania Quality Municipal Income Fund's stock price today?

One share of NQP stock can currently be purchased for approximately $11.08.

How much money does Nuveen Pennsylvania Quality Municipal Income Fund make?

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) has a market capitalization of $414.17 million.

How many employees does Nuveen Pennsylvania Quality Municipal Income Fund have?

The company employs 147,000 workers across the globe.

This page (NYSE:NQP) was last updated on 6/4/2023 by MarketBeat.com Staff

My Account -