Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.16 and traded as high as $12.30. Nuveen Pennsylvania Quality Municipal Income Fund shares last traded at $12.15, with a volume of 60,016 shares traded.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

The business’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.16.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.70%.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NQP. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 2nd quarter worth approximately $235,000. Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 2nd quarter worth approximately $413,000. Blue Bell Private Wealth Management LLC grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 7.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 53,022 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 3,737 shares during the period. Whitebox Advisors LLC acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 1st quarter valued at $852,000. Finally, Bank of New York Mellon Corp grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,802 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 30.58% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.