Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.38 and traded as low as $9.33. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.3750, with a volume of 609,565 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.4%

The stock has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $10.38.

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

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Tuesday, September 15th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the second quarter valued at $45,000. HighTower Advisors LLC increased its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 0.6% during the second quarter. HighTower Advisors LLC now owns 440,190 shares of the financial services provider’s stock worth $4,719,000 after acquiring an additional 2,552 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter worth about $198,000. Susquehanna International Group LLP raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% in the 2nd quarter. Susquehanna International Group LLP now owns 52,683 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 4,044 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after acquiring an additional 103,864 shares during the last quarter.

About Nuveen New York AMT-Free Quality Municipal Income Fund

(Get Free Report)

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end investment fund managed by Nuveen, a subsidiary of TIAA. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, while also pursuing the preservation of capital.

To pursue its objective, the fund invests primarily in municipal bonds and other tax-exempt securities issued by or on behalf of states, municipalities, and other public authorities.

Further Reading

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