Nuveen New York Quality Municipal Income Fund (NYSE:NAN) to Issue Monthly Dividend of $0.07

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.068 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen New York Quality Municipal Income Fund Trading Up 0.1%

Shares of NYSE NAN opened at $11.74 on Thursday. Nuveen New York Quality Municipal Income Fund has a fifty-two week low of $10.79 and a fifty-two week high of $11.76. The business’s 50 day moving average price is $11.48 and its 200-day moving average price is $11.42.

Insider Buying and Selling

In other Nuveen New York Quality Municipal Income Fund news, major shareholder Of America Corp /De/ Bank bought 3,000 shares of Nuveen New York Quality Municipal Income Fund stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $11.28 per share, for a total transaction of $33,840.00. Following the completion of the purchase, the insider directly owned 3,000 shares in the company, valued at approximately $33,840. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in NAN. NewEdge Advisors LLC grew its holdings in shares of Nuveen New York Quality Municipal Income Fund by 8.2% in the first quarter. NewEdge Advisors LLC now owns 11,901 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 900 shares during the last quarter. Western Wealth Management LLC purchased a new position in Nuveen New York Quality Municipal Income Fund in the 1st quarter worth about $74,000. Ashton Thomas Securities LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the 1st quarter valued at about $1,857,000. NewEdge Wealth LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 74.1% in the 1st quarter. NewEdge Wealth LLC now owns 47,000 shares of the financial services provider’s stock valued at $524,000 after buying an additional 20,000 shares during the period. Finally, PFG Investments LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 13.0% in the 1st quarter. PFG Investments LLC now owns 37,434 shares of the financial services provider’s stock valued at $417,000 after buying an additional 4,316 shares during the period.

About Nuveen New York Quality Municipal Income Fund

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.