Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.49 and traded as low as $11.26. Nuveen New York Quality Municipal Income Fund shares last traded at $11.29, with a volume of 71,369 shares trading hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The stock’s 50 day moving average price is $11.47 and its two-hundred day moving average price is $11.49.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 7.65%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC raised its position in shares of Nuveen New York Quality Municipal Income Fund by 82.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock valued at $449,000 after buying an additional 17,281 shares during the last quarter. PFG Investments LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the third quarter worth about $145,000. Commonwealth Equity Services LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock valued at $671,000 after acquiring an additional 4,446 shares during the period. HighTower Advisors LLC raised its holdings in Nuveen New York Quality Municipal Income Fund by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock valued at $2,283,000 after acquiring an additional 2,124 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Nuveen New York Quality Municipal Income Fund by 18.8% in the 3rd quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,975 shares during the period.

About Nuveen New York Quality Municipal Income Fund

Nuveen New York 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 municipal bonds, with a rating of Baa or higher.