Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Plans Monthly Dividend of $0.07

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.069 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Thursday, January 15th.

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

NRK traded up $0.04 during trading on Tuesday, hitting $10.24. The stock had a trading volume of 65,542 shares, compared to its average volume of 216,303. The company has a 50 day moving average price of $10.12 and a 200-day moving average price of $9.90. Nuveen New York AMT-Free Quality Municipal Income Fund has a one year low of $9.30 and a one year high of $10.78.

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

Hedge funds have recently bought and sold shares of the business. Mathes Company Inc. lifted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the third quarter. Mathes Company Inc. now owns 23,000 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 1,000 shares during the period. Cetera Investment Advisers increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% in the second quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,077 shares during the period. Frisch Financial Group Inc. raised its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% during the 3rd quarter. Frisch Financial Group Inc. now owns 17,221 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 1,297 shares during the last quarter. First Horizon Corp acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth about $26,000. Finally, PFG Investments LLC lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.0% during the 2nd quarter. PFG Investments LLC now owns 260,163 shares of the financial services provider’s stock worth $2,578,000 after buying an additional 2,564 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.