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S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
These 2 carnivore dining stocks gaining on the Ozempic craze
Critical asset just had biggest fall on record (Ad)
This healthcare stock making a buzz with 160% growth
This infrastructure construction stock: Is it ready to pop?
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 2/26/2024
Is Roku worth a second look after the earnings panic selloff?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is The Trade Desk signaling the rebound of digital advertising?
bluebird bio stock is ripe for a 400% institutional short squeeze
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
These 2 carnivore dining stocks gaining on the Ozempic craze
Critical asset just had biggest fall on record (Ad)
This healthcare stock making a buzz with 160% growth
This infrastructure construction stock: Is it ready to pop?
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 2/26/2024
Is Roku worth a second look after the earnings panic selloff?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is The Trade Desk signaling the rebound of digital advertising?
bluebird bio stock is ripe for a 400% institutional short squeeze
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
These 2 carnivore dining stocks gaining on the Ozempic craze
Critical asset just had biggest fall on record (Ad)
This healthcare stock making a buzz with 160% growth
This infrastructure construction stock: Is it ready to pop?
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 2/26/2024
Is Roku worth a second look after the earnings panic selloff?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is The Trade Desk signaling the rebound of digital advertising?
bluebird bio stock is ripe for a 400% institutional short squeeze
NYSE:NQP

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

$11.58
-0.11 (-0.94%)
(As of 02/26/2024 ET)
Today's Range
$11.56
$11.70
50-Day Range
$11.47
$11.76
52-Week Range
$9.65
$11.81
Volume
71,515 shs
Average Volume
46,291 shs
Market Capitalization
$431.01 million
P/E Ratio
N/A
Dividend Yield
3.11%
Price Target
N/A

NQP stock logo

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

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.

 

NQP Stock Price History

NQP Stock News Headlines

Nuveen Pennsylvania Quality Municipal Income Fund (NQP)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Nuveen Pennsylvania Quality Municipal Income Fund (NQP)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/11/2024
Dividend Payable
2/01/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Today
2/27/2024
Dividend Payable
3/01/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment offices, not elsewhere classified
Sub-Industry
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
36,850,000
Market Cap
$431.01 million
Optionable
Not Optionable
Beta
0.46
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NQP Stock Analysis - Frequently Asked Questions

How have NQP shares performed in 2024?

Nuveen Pennsylvania Quality Municipal Income Fund's stock was trading at $11.58 at the beginning of 2024. Since then, NQP shares have increased by 0.0% and is now trading at $11.58.
View the best growth stocks for 2024 here
.

Are investors shorting Nuveen Pennsylvania Quality Municipal Income Fund?

Nuveen Pennsylvania Quality Municipal Income Fund saw a decline in short interest in January. As of January 31st, there was short interest totaling 40,900 shares, a decline of 18.4% from the January 15th total of 50,100 shares. Based on an average daily volume of 77,000 shares, the short-interest ratio is currently 0.5 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 declared a monthly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.0325 per share on Friday, March 1st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for NQP
.

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

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.10%.
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) and VanEck Muni Allocation ETF (MAAX).

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 Xtrackers California Municipal Bond ETF (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).

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

Nuveen Pennsylvania Quality Municipal Income Fund's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (1.28%), PNC Financial Services Group Inc. (0.52%), Robinson Capital Management LLC (0.38%), Kingsview Wealth Management LLC (0.26%), Janney Montgomery Scott LLC (0.20%) and Matisse Capital (0.16%).
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NQP) was last updated on 2/27/2024 by MarketBeat.com Staff