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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.44 and traded as high as $10.58. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.5250, with a volume of 217,894 shares trading hands.

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

The firm’s 50 day moving average price is $10.56 and its 200-day moving average price is $10.44.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.0655 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 252,520 shares of the financial services provider’s stock valued at $2,601,000 after acquiring an additional 5,734 shares during the period. Creative Planning purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter valued at $112,000. Cetera Investment Advisers lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during 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 in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at about $102,000. Finally, Raymond James Financial Inc. grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 78.4% in the third quarter. Raymond James Financial Inc. now owns 96,816 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 42,532 shares during the period.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

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.