Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced that Saba Capital Management, L.P., a 10% owner of the fund, has sold 4,128 shares at a price of $11.1 per share on July 14, 2025.
Title: Saba Capital Management Sells Shares of Nuveen Pennsylvania Quality Municipal Income Fund
Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has experienced a significant transaction in its shareholdings. On July 14, 2025, Saba Capital Management, L.P., a 10% owner of the fund, sold 4,128 shares at a price of $11.1 per share. The total transaction value amounted to $45,468 [1].
The fund, with a market capitalization of $412 million, currently offers an attractive 8.47% dividend yield and has maintained dividend payments for 35 consecutive years, according to InvestingPro data [1]. Following the sale, Saba Capital Management, L.P. still owns 5,000,341 shares of the company.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission. This transaction is part of a series of recent insider trading activities involving Saba Capital Management, L.P. In July 2025 alone, the firm sold shares of Blackrock California Municipal Income Trust (BFZ) totaling $279,944 [2].
References
[1] https://www.investing.com/news/insider-trading-news/saba-capital-sold-nuveen-pennsylvania-quality-shares-worth-22660-93CH-4134263
[2] https://www.investing.com/news/insider-trading-news/saba-capital-sells-blackrock-california-bfz-shares-for-279944-93CH-4130384
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