Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.03 on March 1st

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQPGet Free Report) announced a monthly dividend on Thursday, February 1st, NASDAQ reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.0325 per share by the financial services provider on Friday, March 1st. This represents a $0.39 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.2 %

Shares of NYSE NQP opened at $11.75 on Monday. The business’s 50 day moving average price is $11.54 and its 200-day moving average price is $10.91. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $9.65 and a fifty-two week high of $11.81.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 92,141 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $10.67 per share, for a total transaction of $983,144.47. Following the acquisition, the insider now directly owns 4,175,504 shares of the company’s stock, valued at approximately $44,552,627.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 402,443 shares of company stock worth $4,500,485. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in Nuveen Pennsylvania Quality Municipal Income Fund by 36.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,435 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 4,368 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 3rd quarter worth $127,000. Wells Fargo & Company MN boosted its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 6.3% in the 2nd quarter. Wells Fargo & Company MN now owns 515,809 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 30,715 shares in the last quarter. Ambassador Advisors LLC boosted its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 18.6% in the 2nd quarter. Ambassador Advisors LLC now owns 12,690 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter worth $1,246,000. Institutional investors own 22.87% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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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.

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Dividend History for Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP)

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