Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Shares Break Below 50-Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.02 and traded as low as $9.86. Nuveen New York Quality Municipal Income Fund shares last traded at $9.88, with a volume of 298,081 shares changing hands.

Nuveen New York Quality Municipal Income Fund Trading Down 2.1%

The firm has a 50-day moving average of $10.02 and a 200 day moving average of $11.06.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0680 per share. The ex-dividend date is Friday, November 13th. This represents a $0.82 annualized dividend and a yield of 8.3%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Nuveen New York Quality Municipal Income Fund by 8.2% in the first quarter. NewEdge Advisors LLC now owns 11,901 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 900 shares during the period. Janney Montgomery Scott LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 45,296 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 4,235 shares during the period. Western Wealth Management LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the first quarter worth approximately $74,000. HighTower Advisors LLC boosted its holdings in Nuveen New York Quality Municipal Income Fund by 4.0% in the third quarter. HighTower Advisors LLC now owns 206,598 shares of the financial services provider’s stock worth $2,029,000 after purchasing an additional 7,917 shares during the last quarter. Finally, Avestar Capital LLC grew its position in Nuveen New York Quality Municipal Income Fund by 20.8% in the 3rd quarter. Avestar Capital LLC now owns 58,084 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 10,000 shares during the period.

About Nuveen New York Quality Municipal Income Fund

Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end investment company managed by Nuveen, an asset-management firm specializing in investment solutions. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules. The fund invests primarily in a diversified portfolio of municipal bonds issued by New York State and its municipalities, agencies, and other public-purpose entities.