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Saba Capital Management, L.P., a ten-percent owner of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP), sold 40,105 shares of common stock on October 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $12.12, for a total transaction value of $486,072. The transaction comes as NQP, with a market capitalization of $452.2 million, trades near its 52-week high of $12.45. InvestingPro analysis indicates the stock is in overbought territory.
Following the transaction, Saba Capital Management, L.P. indirectly owns 4,678,761 shares of Nuveen Pennsylvania Quality Municipal Income Fund. The fund currently offers a substantial 7.7% dividend yield and has maintained dividend payments for 35 consecutive years. InvestingPro subscribers can access 4 additional key insights about NQP’s valuation and growth prospects.
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