Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Shares Cross Above 50 Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $10.13 and traded as high as $10.15. Nuveen New York Quality Municipal Income Fund shares last traded at $10.1410, with a volume of 146,322 shares trading hands.

Nuveen New York Quality Municipal Income Fund Stock Performance

The business has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $11.10.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a $0.0680 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.82 annualized dividend and a dividend yield of 8.0%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NAN. Ashton Thomas Securities LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter worth $1,857,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen New York Quality Municipal Income Fund by 15.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 601,349 shares of the financial services provider’s stock valued at $7,054,000 after buying an additional 81,187 shares during the last quarter. Breakwater Capital Group lifted its stake in Nuveen New York Quality Municipal Income Fund by 425.4% during the 3rd quarter. Breakwater Capital Group now owns 68,842 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 55,739 shares in the last quarter. NewEdge Wealth LLC lifted its stake in Nuveen New York Quality Municipal Income Fund by 74.1% during the 1st quarter. NewEdge Wealth LLC now owns 47,000 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at $180,000.

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.