Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Stock Price Crosses Above 200 Day Moving Average of $11.19

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.19 and traded as high as $11.55. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $11.51, with a volume of 27,944 shares trading hands.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The company has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $11.21.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0455 per share. The ex-dividend date is Friday, April 12th. This represents a $0.55 annualized dividend and a yield of 4.75%.

Insider Buying and Selling at Nuveen Pennsylvania Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 16,774 shares of the stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $11.81 per share, for a total transaction of $198,100.94. Following the completion of the purchase, the insider now directly owns 4,800,157 shares of the company’s stock, valued at $56,689,854.17. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have bought 144,132 shares of company stock worth $1,699,170. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

A number of hedge funds have recently modified their holdings of the stock. Napa Wealth Management purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter worth about $223,000. Citadel Advisors LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth about $163,000. Pathstone Holdings LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth about $376,000. Steward Partners Investment Advisory LLC raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 60.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,000 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 3,400 shares during the period. Finally, Robinson Capital Management LLC raised its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 80.8% in the 4th quarter. Robinson Capital Management LLC now owns 139,994 shares of the financial services provider’s stock worth $1,620,000 after purchasing an additional 62,573 shares during the period. Hedge funds and other 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.