Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 19,100 shares, a drop of 45.1% from the March 15th total of 34,800 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 76,800 shares, the short-interest ratio is currently 0.2 days.
Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.5 %
Shares of NQP stock traded down $0.06 on Friday, reaching $10.99. The stock had a trading volume of 97,757 shares, compared to its average volume of 71,443. Nuveen Pennsylvania Quality Municipal Income Fund has a 12 month low of $10.65 and a 12 month high of $12.89. The firm's 50-day moving average is $11.38 and its two-hundred day moving average is $11.62.
Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Tuesday, April 15th.
Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund
Large investors have recently added to or reduced their stakes in the business. Walleye Capital LLC bought a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth $183,000. LPL Financial LLC lifted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 17.2% during the 4th quarter. LPL Financial LLC now owns 64,811 shares of the financial services provider's stock worth $725,000 after buying an additional 9,495 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $727,000. Landscape Capital Management L.L.C. acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter valued at about $145,000. Finally, Raymond James Financial Inc. acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth approximately $692,000. Institutional investors own 30.58% of the company's stock.
Nuveen Pennsylvania Quality Municipal Income Fund Company Profile
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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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