Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.96 and traded as low as $10.39. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.43, with a volume of 134,919 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Price Performance

The business has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $10.95.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.069 dividend. This represents a $0.83 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Wednesday, January 15th.

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

Several large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 659,890 shares of the financial services provider’s stock worth $7,392,000 after acquiring an additional 5,470 shares during the last quarter. PFG Investments LLC raised its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 28.2% in the 3rd quarter. PFG Investments LLC now owns 139,794 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 30,778 shares during the period. Stifel Financial Corp lifted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% during the third quarter. Stifel Financial Corp now owns 118,332 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 9,058 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 71,483 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 4,587 shares during the period. Finally, Breakwater Capital Group increased its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% in the fourth quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,979 shares in the last quarter.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

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.