Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NQP) Hits New 52-Week High at $13.49

Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP)’s share price reached a new 52-week high on Monday . The stock traded as high as $13.49 and last traded at $13.45, with a volume of 2073 shares changing hands. The stock had previously closed at $13.45.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0505 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.61 annualized dividend and a yield of 4.50%.

A number of large investors have recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. grew its stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 103.8% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 55,874 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 28,456 shares in the last quarter. Wells Fargo & Company MN grew its stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 13.4% during the 1st quarter. Wells Fargo & Company MN now owns 940,800 shares of the financial services provider’s stock valued at $12,427,000 after acquiring an additional 111,276 shares in the last quarter. Raymond James & Associates grew its stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 20.2% during the 1st quarter. Raymond James & Associates now owns 72,499 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 12,186 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 5.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 91,345 shares of the financial services provider’s stock valued at $1,207,000 after acquiring an additional 4,507 shares in the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Nuveen Pennsylvania Invsmt Qlty Mncpl Fd during the 1st quarter valued at about $147,000. 15.40% of the stock is currently owned by institutional investors.

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Nuveen Pennsylvania Invsmt Qlty Mncpl Fd Company Profile (NYSE:NQP)

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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