Robinson Capital Management LLC Reduces Holdings in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP)

Robinson Capital Management LLC lessened its position in shares of Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,186 shares of the financial services provider’s stock after selling 82,744 shares during the period. Robinson Capital Management LLC’s holdings in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd were worth $2,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NQP. Morgan Stanley lifted its position in shares of Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 2.1% during the 2nd quarter. Morgan Stanley now owns 184,988 shares of the financial services provider’s stock valued at $2,525,000 after buying an additional 3,871 shares during the last quarter. BLB&B Advisors LLC purchased a new stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd during the 3rd quarter worth about $181,000. Commonwealth Equity Services LLC lifted its holdings in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 11.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,143 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 2,171 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd during the 3rd quarter worth about $26,000. Finally, Cetera Advisors LLC lifted its holdings in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd by 11.2% during the 3rd quarter. Cetera Advisors LLC now owns 36,646 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 3,677 shares in the last quarter. 17.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NQP traded down $0.02 on Friday, hitting $14.60. The company’s stock had a trading volume of 500 shares, compared to its average volume of 41,930. The company has a 50-day simple moving average of $14.38 and a 200 day simple moving average of $14.17. Nuveen Pennsylvania Invsmt Qlty Mncpl Fd has a 1 year low of $12.85 and a 1 year high of $14.64.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 14th will be issued a $0.0505 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.61 annualized dividend and a dividend yield of 4.15%.

About Nuveen Pennsylvania Invsmt Qlty Mncpl Fd

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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Institutional Ownership by Quarter for Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP)

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