Nuveen Pennsylvania Investment Quality Municipal Fund (NYSE:NQP): Institutional Investors Aren’t Crazy About It

June 18, 2018 - By Richard Conner

Sentiment for Nuveen Pennsylvania Investment Quality Municipal Fund (NYSE:NQP)

Nuveen Pennsylvania Investment Quality Municipal Fund (NYSE:NQP) institutional sentiment decreased to 1 in Q1 2018. Its down -2.86, from 3.86 in 2017Q4. The ratio turned negative, as 19 funds increased or started new equity positions, while 19 trimmed and sold stock positions in Nuveen Pennsylvania Investment Quality Municipal Fund. The funds in our partner’s database reported: 3.54 million shares, down from 5.74 million shares in 2017Q4. Also, the number of funds holding Nuveen Pennsylvania Investment Quality Municipal Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 10 Increased: 10 New Position: 9.

The stock increased 0.24% or $0.03 during the last trading session, reaching $12.51. About 34,870 shares traded. Nuveen Pennsylvania Quality Mun (NYSE:NQP) has declined 6.53% since June 18, 2017 and is downtrending. It has underperformed by 19.10% the S&P500.

Robinson Capital Management Llc holds 0.72% of its portfolio in Nuveen Pennsylvania Quality Mun for 186,112 shares. Brick & Kyle Associates owns 57,392 shares or 0.58% of their US portfolio. Moreover, Benchmark Capital Advisors has 0.16% invested in the company for 16,600 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.09% in the stock. Wealthtrust Axiom Llc, a Pennsylvania-based fund reported 18,551 shares.

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