Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Shares Cross Above 200 Day Moving Average of $11.92

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.92 and traded as high as $12.34. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.31, with a volume of 42,093 shares traded.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

The firm’s 50 day moving average price is $12.30 and its two-hundred day moving average price is $11.92.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.078 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.94 annualized dividend and a yield of 7.62%.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the company. Almitas Capital LLC raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 22.5% in the second quarter. Almitas Capital LLC now owns 1,183,331 shares of the financial services provider’s stock worth $14,437,000 after purchasing an additional 217,464 shares in the last quarter. Whitebox Advisors LLC boosted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 121.1% in the 2nd quarter. Whitebox Advisors LLC now owns 159,331 shares of the financial services provider’s stock worth $1,944,000 after buying an additional 87,252 shares during the last quarter. Robinson Capital Management LLC increased its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 80.8% during the 4th quarter. Robinson Capital Management LLC now owns 139,994 shares of the financial services provider’s stock valued at $1,620,000 after purchasing an additional 62,573 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth $319,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 106.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 49,285 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 25,439 shares during the period. 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.