Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares passed 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.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Up 0.5 %

The stock’s 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $10.95.

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

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

Institutional Investors Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NRK. Breakwater Capital Group raised its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% in the 4th quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 1,979 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth $295,000. Virtu Financial LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth $291,000. Stifel Financial Corp lifted its holdings in shares of 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. Finally, HighTower Advisors LLC boosted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 0.8% during the third quarter. HighTower Advisors LLC now owns 659,890 shares of the financial services provider’s stock valued at $7,392,000 after buying an additional 5,470 shares during 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.