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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.83 and traded as high as $10.39. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.3850, with a volume of 528,538 shares trading hands.

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

The stock’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $9.83.

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

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.069 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 8.0%.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Hedge funds have recently modified their holdings of the company. North Ground Capital boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% in the 3rd quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock worth $5,494,000 after buying an additional 218,075 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 17.4% during the first quarter. Guggenheim Capital LLC now owns 965,381 shares of the financial services provider’s stock worth $9,943,000 after acquiring an additional 142,972 shares during the period. Horizon Kinetics Asset Management LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 96.7% in 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 purchasing an additional 69,092 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 1,449.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 68,929 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 64,481 shares during the period. Finally, Wedbush Securities Inc. grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 587.9% in the 2nd quarter. Wedbush Securities Inc. now owns 69,132 shares of the financial services provider’s stock valued at $685,000 after purchasing 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.