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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’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 $11.00 and traded as low as $10.28. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.37, with a volume of 366,887 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.6 %

The business’s 50 day moving average is $10.83 and its 200-day moving average is $11.00.

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

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.069 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 7.98%.

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

Several institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth approximately $64,000. Mill Creek Capital Advisors LLC acquired a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $150,000. GoalVest Advisory LLC acquired a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth $168,000. US Bancorp DE raised its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 742.0% in the third quarter. US Bancorp DE now owns 15,206 shares of the financial services provider’s stock valued at $170,000 after buying an additional 13,400 shares during the last quarter. Finally, TIAA Trust National Association purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the second quarter worth about $182,000.

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.