Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.99 and traded as low as $10.80. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.82, with a volume of 217,230 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.0 %

The business’s fifty day moving average price is $11.13 and its 200 day moving average price is $10.99.

Nuveen New York AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.8% during the 3rd quarter. Private Advisor Group LLC now owns 17,300 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 1,398 shares during the period. Leisure Capital Management grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% during the 2nd quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,500 shares in the last quarter. Herold Advisors Inc. grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.5% during the 2nd quarter. Herold Advisors Inc. now owns 41,572 shares of the financial services provider’s stock valued at $461,000 after buying an additional 2,526 shares in the last quarter. RMR Wealth Builders grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 5.0% during the 2nd quarter. RMR Wealth Builders now owns 69,693 shares of the financial services provider’s stock valued at $773,000 after buying an additional 3,310 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 761,232 shares of the financial services provider’s stock valued at $8,442,000 after buying an additional 10,738 shares in the last quarter.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.