Raymond James Financial Services Advisors Inc. Makes New Investment in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP)

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Raymond James Financial Services Advisors Inc. bought a new position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,694 shares of the financial services provider’s stock, valued at approximately $973,000. Raymond James Financial Services Advisors Inc. owned about 0.19% of Nuveen Pennsylvania Invsmt Qlty Mncpl Fd at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 6.0% in the 1st quarter. Wells Fargo & Company MN now owns 935,356 shares of the financial services provider’s stock worth $12,450,000 after purchasing an additional 53,341 shares during the last quarter. Stifel Financial Corp increased its position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 28.8% in the 4th quarter. Stifel Financial Corp now owns 31,506 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 7,036 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd in the 1st quarter worth about $868,000. Private Advisor Group LLC increased its position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 25,587 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 1,048 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 5.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 104,433 shares of the financial services provider’s stock worth $1,390,000 after purchasing an additional 5,394 shares during the last quarter. 16.14% of the stock is currently owned by institutional investors.

NQP opened at $13.93 on Friday. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $13.63. Nuveen Pennsylvania Invsmt Qlty Mncpl Fd has a 52-week low of $11.01 and a 52-week high of $14.84.

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.64 annualized dividend and a dividend yield of 4.61%.

About Nuveen Pennsylvania Invsmt Qlty Mncpl Fd

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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Institutional Ownership by Quarter for Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP)

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