Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 34,800 shares, a growth of 40.3% from the February 28th total of 24,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 87,900 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Robinson Capital Management LLC increased its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 78.8% in the 4th quarter. Robinson Capital Management LLC now owns 245,382 shares of the financial services provider's stock worth $2,743,000 after acquiring an additional 108,141 shares in the last quarter. CF Capital LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter valued at $813,000. Alpine Global Management LLC purchased a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter valued at $727,000. Raymond James Financial Inc. bought a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth $692,000. Finally, AmeriServ Wealth Advisors bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter valued at about $372,000. Institutional investors own 30.58% of the company's stock.
Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.5 %
Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.06 on Thursday, hitting $11.41. 24,756 shares of the company's stock were exchanged, compared to its average volume of 67,591. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $11.05 and a 1 year high of $12.89. The company has a 50-day simple moving average of $11.50 and a 200-day simple moving average of $11.75.
Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 8.20%. The ex-dividend date was Friday, March 14th.
About Nuveen Pennsylvania Quality Municipal Income Fund
(
Get Free Report)
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.
Recommended Stories
Before you consider Nuveen Pennsylvania Quality Municipal Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Pennsylvania Quality Municipal Income Fund wasn't on the list.
While Nuveen Pennsylvania Quality Municipal Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
