Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.82 and traded as high as $10.16. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.14, with a volume of 224,145 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.1%

The company has a 50 day moving average of $9.75 and a 200-day moving average of $9.82.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.069 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.2%.

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

Institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 17.4% during the 1st quarter. Guggenheim Capital LLC now owns 965,381 shares of the financial services provider’s stock worth $9,943,000 after purchasing an additional 142,972 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 46.9% in the first quarter. PFG Investments LLC now owns 257,599 shares of the financial services provider’s stock valued at $2,653,000 after buying an additional 82,218 shares during the period. Horizon Kinetics Asset Management LLC grew its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 96.7% during the second quarter. Horizon Kinetics Asset Management LLC now owns 140,575 shares of the financial services provider’s stock worth $1,393,000 after buying an additional 69,092 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 1,449.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 68,929 shares of the financial services provider’s stock worth $683,000 after buying an additional 64,481 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 587.9% during the 2nd quarter. Wedbush Securities Inc. now owns 69,132 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 59,082 shares during the period.

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.