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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $11.26 and traded as low as $9.86. Nuveen New York Quality Municipal Income Fund shares last traded at $10.00, with a volume of 97,170 shares traded.

Nuveen New York Quality Municipal Income Fund Stock Up 0.7%

The firm’s fifty day moving average is $10.90 and its 200-day moving average is $11.26.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0680 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.82 annualized dividend and a yield of 8.2%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NAN. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen New York Quality Municipal Income Fund by 15.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 601,349 shares of the financial services provider’s stock worth $7,054,000 after acquiring an additional 81,187 shares during the last quarter. HighTower Advisors LLC increased its position in Nuveen New York Quality Municipal Income Fund by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 1,423 shares during the period. Ashton Thomas Securities LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the 1st quarter valued at $1,857,000. NewEdge Wealth LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 74.1% during the 1st quarter. NewEdge Wealth LLC now owns 47,000 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 10.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 45,296 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 4,235 shares during the period.

Nuveen New York Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen New York Quality Municipal Income Fund is a closed-end fund listed on the New York Stock Exchange under the symbol NAN. 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, subject to applicable tax rules.

The fund invests primarily in municipal obligations issued by or on behalf of New York State, New York City, and other New York municipalities and governmental entities. Its portfolio may include bonds used to finance public infrastructure and essential services, such as transportation, education, health care, utilities, and housing.

Further Reading

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