Saba Capital Management sells 30436 shares of Nuveen Pennsylvania Quality Municipal Income Fund.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced that Saba Capital Management, L.P., a 10% owner of the fund, has executed a transaction involving the sale of 30,436 shares at a price of $10.82 per share on July 21, 2025.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced that Saba Capital Management, L.P., a 10% owner of the fund, has executed a transaction involving the sale of 30,436 shares at a price of $10.82 per share on July 21, 2025. This sale represents a significant move by Saba Capital Management, which previously held a substantial position in the fund.

The transaction, which occurred on July 21, 2025, saw Saba Capital Management dispose of 30,436 shares at an average price of $10.82 per share. The total value of the sale amounted to $330,000. This sale is part of a series of recent insider trading activities involving Saba Capital Management, which has also sold shares of BlackRock California Municipal Income Trust (BFZ) totaling $279,944 in July 2025 [3].

Prior to this sale, Saba Capital Management held approximately 5,000,341 shares of NQP. Following the sale, the firm's holdings in NQP have been reduced to 4,996,213 shares. The fund, with a market capitalization of $403.44 million, currently offers an attractive dividend yield of 8.67% and has maintained dividend payments for 35 consecutive years [1].

The sale of shares by Saba Capital Management may be indicative of a strategic adjustment in the firm's investment portfolio. The fund's financial performance, as evaluated by GuruFocus, reveals a GF Score of 38/100, indicating poor future performance potential. Additionally, the fund's balance sheet rank is 6/10, while its profitability rank is 2/10. These metrics suggest that the fund may be facing challenges that could influence investment decisions [2].

Investors should closely monitor the fund's performance and the rationale behind Saba Capital Management's strategic moves. The recent sales by Saba Capital Management highlight the importance of evaluating the potential risks and opportunities associated with NQP. Value investors may consider these factors, along with the fund's operating margin and other financial indicators, when making investment decisions.

References:
[1] https://www.investing.com/news/insider-trading-news/saba-capital-and-weinstein-sell-nuveen-pennsylvania-shares-for-52962-93CH-4144439
[2] https://www.gurufocus.com/news/2992080/saba-capital-management-lp-adjusts-holdings-in-nuveen-pennsylvania-quality-municipal-income-fund
[3] https://www.ainvest.com/news/nuveen-pennsylvania-quality-municipal-income-fund-saba-capital-sells-1195-shares-11-02-share-2507/