Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) to Issue Monthly Dividend of $0.03

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 given 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 %

NQP stock opened at $11.75 on Monday. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $9.65 and a 12-month high of $11.81. The company has a 50 day moving average of $11.54 and a two-hundred day moving average of $10.91.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. purchased 6,390 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $10.52 per share, for a total transaction of $67,222.80. Following the purchase, the insider now directly owns 4,083,363 shares in the company, valued at approximately $42,956,978.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 402,443 shares of company stock worth $4,500,485 in the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Logan Stone Capital LLC grew its position in Nuveen Pennsylvania Quality Municipal Income Fund by 416.3% in the 4th quarter. Logan Stone Capital LLC now owns 300,372 shares of the financial services provider’s stock worth $3,343,000 after purchasing an additional 242,196 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter worth $1,246,000. Wells Fargo & Company MN grew its position in Nuveen Pennsylvania Quality Municipal Income Fund by 57.7% in the 2nd quarter. Wells Fargo & Company MN now owns 226,514 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 82,877 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter worth $882,000. Finally, Bank of America Corp DE grew its position in Nuveen Pennsylvania Quality Municipal Income Fund by 12.3% in the 4th quarter. Bank of America Corp DE now owns 286,785 shares of the financial services provider’s stock worth $3,192,000 after purchasing an additional 31,474 shares during the last quarter. 22.87% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Pennsylvania Quality Municipal Income Fund

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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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