Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NANGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.42 and traded as low as $10.93. Nuveen New York Quality Municipal Income Fund shares last traded at $10.9750, with a volume of 65,803 shares changing hands.

Nuveen New York Quality Municipal Income Fund Stock Performance

The stock’s 50-day moving average is $11.39 and its 200-day moving average is $11.42.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.068 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in Nuveen New York Quality Municipal Income Fund during the first quarter worth approximately $74,000. Steward Partners Investment Advisory LLC grew its position 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 acquiring an additional 1,000 shares during the period. David J Yvars Group acquired a new stake in Nuveen New York Quality Municipal Income Fund during the second quarter worth about $119,000. NewEdge Advisors LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter worth about $124,000. Finally, Jane Street Group LLC purchased a new position in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter worth about $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.

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