Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.47 and traded as low as $9.88. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.89, with a volume of 360,469 shares changing hands.

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

The stock’s fifty day moving average price is $10.09 and its 200 day moving average price is $10.47.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Thursday, May 15th.

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

A number of hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.7% in the 4th quarter. Guggenheim Capital LLC now owns 822,409 shares of the financial services provider’s stock worth $8,602,000 after purchasing an additional 65,944 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $345,000. Raymond James Financial Inc. bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $640,000. Mountain Hill Investment Partners Corp. bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $362,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,679 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 2,289 shares in the last quarter.

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.