Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRKGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.44 and traded as low as $9.89. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.8950, with a volume of 425,168 shares traded.

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

The company has a 50-day moving average of $10.38 and a 200-day moving average of $10.44.

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

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 9.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,318,465 shares of the financial services provider’s stock worth $13,303,000 after acquiring an additional 115,893 shares during the last quarter. Rivernorth Capital Management LLC grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock valued at $12,847,000 after acquiring an additional 644,852 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 103,864 shares during the period. North Ground Capital boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 11.6% during the 4th quarter. North Ground Capital now owns 601,212 shares of the financial services provider’s stock worth $6,066,000 after acquiring an additional 62,562 shares during the period. Finally, Fiera Capital Corp bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth approximately $4,650,000.

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 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.

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