Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Crosses Above 200 Day Moving Average of $10.35

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.35 and traded as high as $10.66. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.61, with a volume of 64,592 shares trading hands.

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

The business’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $10.36.

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

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.047 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 5.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 133,044 shares of the financial services provider’s stock valued at $1,257,000 after acquiring an additional 1,831 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 400.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares in the last quarter. Realta Investment Advisors increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the fourth quarter. Realta Investment Advisors now owns 58,053 shares of the financial services provider’s stock worth $611,000 after buying an additional 2,502 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 12.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,051 shares of the financial services provider’s stock worth $284,000 after buying an additional 3,368 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 22.5% in the third quarter. Raymond James & Associates now owns 21,779 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 4,000 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.