Cambridge Investment Research Advisors Inc. increased its holdings in shares of NUVEEN PA INVT (NYSE:NQP) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,204 shares of the financial services provider’s stock after acquiring an additional 10 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in NUVEEN PA INVT were worth $444,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hudock Capital Group LLC raised its stake in NUVEEN PA INVT by 1.1% during the second quarter. Hudock Capital Group LLC now owns 13,366 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 145 shares during the period. SG Americas Securities LLC acquired a new stake in NUVEEN PA INVT during the second quarter worth about $153,000. Janney Montgomery Scott LLC raised its stake in NUVEEN PA INVT by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 39,677 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 1,422 shares during the period. Finally, Tower Bridge Advisors acquired a new stake in NUVEEN PA INVT during the second quarter worth about $158,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.
Shares of NUVEEN PA INVT (NYSE NQP) opened at 13.73 on Wednesday. The company’s 50-day moving average is $13.61 and its 200 day moving average is $13.37. NUVEEN PA INVT has a 1-year low of $12.67 and a 1-year high of $15.05.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.0585 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.11%.
NUVEEN PA INVT Company Profile
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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