Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Cross Above 200-Day Moving Average – What’s Next?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.84 and traded as high as $10.18. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.1350, with a volume of 288,089 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.2%

The firm’s fifty day moving average is $10.13 and its two-hundred day moving average is $9.84.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, November 14th.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 94.9% in the first quarter. Envestnet Asset Management Inc. now owns 36,452 shares of the financial services provider’s stock worth $375,000 after buying an additional 17,750 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 15,130 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 3,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,178 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,025 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 25.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the financial services provider’s stock valued at $156,000 after buying an additional 3,000 shares in the last quarter. Finally, Elequin Capital LP lifted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 191.6% in the first quarter. Elequin Capital LP now owns 11,058 shares of the financial services provider’s stock worth $114,000 after buying an additional 7,266 shares in the last quarter.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.