Tower Bridge Advisors acquired a new stake in shares of NUVEEN PA INVT (NYSE:NQP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,806 shares of the financial services provider’s stock, valued at approximately $158,000.
NUVEEN PA INVT (NYSE:NQP) opened at 13.50 on Friday. NUVEEN PA INVT has a 12 month low of $12.67 and a 12 month high of $15.29. The firm has a 50-day moving average price of $13.53 and a 200 day moving average price of $13.33.
The company also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.0585 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, August 11th.
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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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