Today’s 13GD Filing: Why Wells Fargo & CompanyMn Reported Big Nuveen Pennsylvania Investment Quality Municipal Fund Position?

Today's 13GD Filing: Why Wells Fargo & CompanyMn Reported Big Nuveen Pennsylvania Investment Quality Municipal Fund Position?

The New Wells Fargo & CompanyMn Holding in Nuveen Pennsylvania Investment Quality Municipal Fund

Wells Fargo & CompanyMn filed with the SEC SC 13D/A form for Nuveen Pennsylvania Investment Quality Municipal Fund. The form can be accessed here: 000119312516773822. As reported in Wells Fargo & CompanyMn’s form, the filler as of late owns 100% or 3,045 shares of the Finance–company.

Nuveen Pennsylvania Investment Quality Municipal Fund stake is a new one for the for this institutional investor and it was filed because of activity on November 17, 2016. We feel this shows Wells Fargo & CompanyMn’s positive view for the stock.

Nuveen Pennsylvania Investment Quality Municipal Fund Institutional Sentiment

Latest Security and Exchange filings show 49 investors own Nuveen Pennsylvania Investment Quality Municipal Fund. The institutional ownership in Q3 2015 is low, at 8.46% of the outstanding shares. This is increased by 229875 the total institutional shares. 3206418 were the shares owned by these institutional investors. In total 9 funds opened new Nuveen Pennsylvania Investment Quality Municipal Fund stakes, 12 increased stakes. There were 5 that closed positions and 10 reduced them.

Hudock Moyer Wealth Resources Llc is an institutional investor bullish on Nuveen Pennsylvania Investment Quality Municipal Fund, owning 21969 shares as of Q3 2015 for 0.14% of its portfolio. Horan Capital Management owns 9407 shares or 0.04% of its portfolio. PA Brick & Kyle Associates have 0.70% of their stock portfolio for 57257 shares. Further, Mcgowan Group Asset Management Inc reported stake worth 0.55% of its US stock portfolio. The NY Samson Capital Advisors Llc owns 153841 shares. Nuveen Pennsylvania Investment Quality Municipal Fund is 0.88% of the manager’s US portfolio.

Business Profile

Nuveen Pennsylvania Investment Quality Municipal Fund (NQP) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income taxes and Pennsylvania personal income taxes. The Fund’s secondary objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal, Pennsylvania state, and local income taxes. The Fund invests approximately 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better) or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest approximately 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which approximately 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund’s investment advisor is Nuveen Fund Advisors, LLC.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.51, from 0.78 in 2016Q1. The ratio improved, as 7 funds sold all Nuveen Pennsylvania Invsmt Qlty Mncpl Fd shares owned while 11 reduced positions. 3 funds bought stakes while 11 increased positions. They now own 2.21 million shares or 11.47% less from 2.49 million shares in 2016Q1.

Bartlett & Comm Limited Liability Com owns 2,500 shares or 0% of their US portfolio. Moreover, First Manhattan Com has 0% invested in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) for 525 shares. The Massachusetts-based Commonwealth Equity Ser has invested 0% in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP). M&T National Bank & Trust Corp, a New York-based fund reported 25,002 shares. The Missouri-based Stifel has invested 0% in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP). Peoples Fincl Corp last reported 3,352 shares in the company. The Pennsylvania-based Vantage Inv Advsrs Limited Liability Company has invested 0.03% in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP). Wells Fargo And Mn accumulated 0% or 138,058 shares. The Minnesota-based Sit Inv Assoc has invested 0.02% in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP). Lpl Fincl Ltd Company has 0.01% invested in the company for 71,725 shares. Assetmark last reported 300 shares in the company. Moreover, Royal Bancshares Of Canada has 0% invested in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) for 66,504 shares. Smithfield Company owns 8,000 shares or 0.02% of their US portfolio. Cambridge Investment has 0% invested in the company for 10,429 shares. Security National Tru Co holds 0% of its portfolio in Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) for 300 shares.

The stock increased 0.46% or $0.06 on November 21, hitting $13.17. About 92,992 shares traded hands or 58.35% up from the average. Nuveen Pennsylvania Invsmt Qlty Mncpl Fd (NYSE:NQP) has declined 11.72% since April 19, 2016 and is downtrending. It has underperformed by 15.58% the S&P500.

Nuveen Pennsylvania Investment Quality Municipal Fund is a diversified closed-end management investment company. The company has a market cap of $494.97 million. The Fund’s primary objective is to provide current income exempt from regular federal income taxes and Pennsylvania personal income taxes. It currently has negative earnings. The Fund’s secondary objective is the enhancement of portfolio value.

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