Wall St futures edge up after monthly gains; more earnings ahead
Saba Capital Management, L.P., a ten-percent owner of NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND (NYSE:NQP), reported selling shares of common stock on October 21 and 22. The sales amounted to a total of $99,748 with prices ranging from $12.02 to $12.13. The $448.1M market cap fund currently offers an attractive 7.77% dividend yield and has maintained dividend payments for 35 consecutive years, according to InvestingPro data.
On October 21, Saba Capital sold 5,410 shares at a price of $12.13 per share. Following this transaction, the firm held 4,673,351 shares. The following day, October 22, the firm sold an additional 2,839 shares at $12.02 per share, leaving them with 4,670,512 shares. The stock is currently trading near its 52-week high of $12.30, with InvestingPro highlighting low price volatility as one of its key characteristics. Subscribers can access 4 additional ProTips and comprehensive dividend analysis on the platform.
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