Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Pass Above 200-Day Moving Average – Here’s Why

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRKGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.41 and traded as high as $10.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.6150, with a volume of 226,212 shares changing hands.

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

The firm has a 50 day moving average of $10.58 and a two-hundred day moving average of $10.41.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Creek Financial Management LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.0% during the 4th quarter. Clear Creek Financial Management LLC now owns 17,800 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,000 shares during the period. Cetera Investment Advisers grew its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 1,077 shares during the period. Cary Street Partners Financial LLC increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 3.9% in the 4th quarter. Cary Street Partners Financial LLC now owns 32,349 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,200 shares in the last quarter. Mariner LLC increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% in the 4th quarter. Mariner LLC now owns 36,290 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 1,563 shares in the last quarter. Finally, NewEdge Wealth LLC raised its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.4% during the first quarter. NewEdge Wealth LLC now owns 71,251 shares of the financial services provider’s stock worth $727,000 after purchasing an additional 1,655 shares during the last quarter.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.

Further Reading

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