Smithfield Trust Co. Cuts Position in Nuveen Pa Invt (NQP)
Smithfield Trust Co. decreased its position in shares of Nuveen Pa Invt (NYSE:NQP) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the financial services provider’s stock after selling 215 shares during the period. Smithfield Trust Co.’s holdings in Nuveen Pa Invt were worth $107,000 as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC boosted its position in shares of Nuveen Pa Invt by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 39,677 shares of the financial services provider’s stock worth $531,000 after buying an additional 1,422 shares during the period. 8.64% of the stock is owned by hedge funds and other institutional investors.
Nuveen Pa Invt (NYSE NQP) opened at 13.58 on Thursday. Nuveen Pa Invt has a 52 week low of $12.67 and a 52 week high of $15.37. The stock’s 50 day moving average price is $13.53 and its 200-day moving average price is $13.31.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.0585 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Friday, August 11th.
About Nuveen Pa Invt
Nuveen Pennsylvania Dividend Advantage Municipal Fund (the Fund) is a closed-ended fund. The primary objective of the fund is current income exempt from regular federal income taxes and Pennsylvania personal income taxes. The secondary objective is the enhancement of portfolio value. The Fund invests substantially all of its assets in tax-exempt Pennsylvania municipal obligations rated within the four categories (Baa/BBB or better).
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