Nuveen Pennsylvania Quality Municipal Income Fund Common Stock (NQP)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach NQP as a closed-end municipal bond fund, not an operating company. It owns Pennsylvania tax-exempt bonds rated Baa/BBB or better, so its economic engine is credit quality, leverage, and the spread between what it earns and what it pays for money. At the 2026-04-24 close of $12.03, the FairStock P/B is 1.02, meaning investors pay about asset value, not a discount. The 7.78% dividend yield is attractive, and beta of 0.61 suggests lower volatility than equities, but the financial data are ugly: a FairStock P/E of -13.08, ROE of -7.22%, ROCE of only 2.15%, and D/E of 0.74. Piotroski at 1/9 and Altman Z at 0.70 are very weak, though those scores are built for industrial borrowers and may not perfectly fit a leveraged muni fund. There is no revenue or profit growth data provided, and FairStock assigns no Lynch category because there are only 0 years of filed results, versus the three needed. The fund’s 'moat' is not a brand or pricing power; at best it is the investment-grade Pennsylvania tax-exempt mandate and Nuveen’s closed-end fund management. But the numbers do not show a durable value compounder. The 52-week range of $11.54-$12.23 puts the price near the top, and FairStock Score is 49/100. Graham would demand a margin of safety. Here, with price at book, negative returns, and high leverage, that margin is thin. I would want evidence that distributions are covered by tax-exempt income and that NAV is stable before calling this cheap.

In plain English: Nuveen Pennsylvania Quality Municipal Income Fund is a closed-end fund that owns Pennsylvania tax-exempt municipal bonds, mostly higher-rated ones. Based on the supplied figures, the business looks weak: it shows negative earnings, a high dividend yield, and very low financial-health scores. The shares at $12.03 are trading at roughly the value of the fund's assets, so the price looks fair rather than clearly cheap or expensive.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-04-24 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer