Sit Investment Associates Discloses New 8.1% Stake in Nuveen Pennsylvania Quality Municipal Income Fund

On April 6, 2026, Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), filed a Schedule 13G disclosing a new 8.1% ownership stake in Nuveen Pennsylvania Quality Municipal Income Fund (NQP). The reporting entities reported aggregate beneficial ownership of 3,017,202 shares of common stock as of March 31, 2026. According to the filing, SIA and SFI share voting and dispositive power over these shares, which are held across various client accounts managed by the firms. The filing includes a joint filing agreement between SIA, a Minnesota corporation, and SFI, a Delaware LLC. Both entities are registered investment advisers and have certified that the securities were acquired in the ordinary course of business without the intent to influence or change the control of the issuer. The ownership percentage is based on approximately 37.2 million shares outstanding as of August 31, 2025. This filing represents a significant new position for the investment managers in the municipal income fund.