Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Passes Above 200-Day Moving Average After Insider Selling

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP)’s share price passed above its 200-day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $11.31 and traded as high as $12.15. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.1450, with a volume of 103,789 shares.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The business’s fifty day moving average price is $11.83 and its 200-day moving average price is $11.31.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.078 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

Several hedge funds have recently bought and sold shares of NQP. Costello Asset Management INC purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 1st quarter worth $30,000. Highline Wealth Partners LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter valued at about $36,000. NewEdge Advisors LLC purchased a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter worth about $113,000. Steward Partners Investment Advisory LLC lifted its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 10.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 12,700 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 1,200 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Nuveen Pennsylvania Quality Municipal Income Fund by 19.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,814 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 2,097 shares during the period. Hedge funds and other institutional investors own 30.58% of the company’s stock.

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.