Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.47 and traded as low as $11.06. Nuveen New York Quality Municipal Income Fund shares last traded at $11.12, with a volume of 183,204 shares traded.

Nuveen New York Quality Municipal Income Fund Price Performance

The company’s 50-day moving average price is $11.54 and its 200-day moving average price is $11.47.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in Nuveen New York Quality Municipal Income Fund by 18.8% during the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,975 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock worth $2,283,000 after acquiring an additional 2,124 shares during the period. Horizon Kinetics Asset Management LLC boosted its position in shares of Nuveen New York Quality Municipal Income Fund by 82.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 17,281 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the third quarter valued at about $145,000. Finally, Commonwealth Equity Services LLC increased its position 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 worth $671,000 after purchasing an additional 4,446 shares during the last quarter.

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.