Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Shares Pass Above 200-Day Moving Average of $11.25

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.25 and traded as high as $11.49. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.47, with a volume of 50,157 shares traded.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

The stock’s 50-day moving average price is $11.69 and its 200-day moving average price is $11.25.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

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

Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 2,687 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $11.82 per share, for a total transaction of $31,760.34. Following the transaction, the insider now directly owns 4,835,695 shares of the company’s stock, valued at $57,157,914.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 144,132 shares of company stock worth $1,699,170 in the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Simon Quick Advisors LLC bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the 3rd quarter valued at $114,000. ARS Wealth Advisors Group LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 3rd quarter worth $160,000. Napa Wealth Management bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth $223,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 1,007.1% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 23,846 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 21,692 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth $277,000. Institutional investors own 30.58% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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.