Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.05 on May 1st

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Monday, April 15th will be given a dividend of 0.0455 per share by the financial services provider on Wednesday, May 1st. This represents a $0.55 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Friday, April 12th.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

Nuveen Pennsylvania Quality Municipal Income Fund stock traded down $0.01 during trading on Wednesday, hitting $11.76. The stock had a trading volume of 61,613 shares, compared to its average volume of 58,206. The stock’s 50 day moving average is $11.70 and its two-hundred day moving average is $11.10. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $9.65 and a 1 year high of $11.89.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 35,421 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average price of $11.77 per share, with a total value of $416,905.17. Following the completion of the acquisition, the insider now owns 5,006,384 shares in the company, valued at approximately $58,925,139.68. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 260,707 shares of company stock valued at $3,065,132. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NQP. Citadel Advisors LLC purchased a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter valued at about $163,000. Pathstone Holdings LLC purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth about $376,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 60.7% during the fourth 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. Ameriprise Financial Inc. boosted its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 36.2% during the third quarter. Ameriprise Financial Inc. now owns 16,435 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 4,368 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the third quarter worth about $127,000. 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.