Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NANGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.37 and traded as low as $10.63. Nuveen New York Quality Municipal Income Fund shares last traded at $10.6370, with a volume of 136,889 shares.

Nuveen New York Quality Municipal Income Fund Trading Down 0.2%

The company’s 50-day moving average is $11.20 and its two-hundred day moving average is $11.36.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.068 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 1st quarter worth approximately $74,000. Steward Partners Investment Advisory LLC grew its holdings in Nuveen New York Quality Municipal Income Fund by 11.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 1,000 shares during the period. David J Yvars Group bought a new position in Nuveen New York Quality Municipal Income Fund during the second quarter valued at $119,000. NewEdge Advisors LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth $124,000. Finally, Jane Street Group LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth $147,000.

About Nuveen New York Quality Municipal Income Fund

(Get Free Report)

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.

Further Reading

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