Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Breaks Below Fifty Day Moving Average – Here’s Why

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $9.53 and traded as low as $9.43. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.4950, with a volume of 362,323 shares traded.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 1.8%

The stock’s 50 day moving average is $9.53 and its 200 day moving average is $10.21.

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, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, November 13th.

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

Several large investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $26,000. Integrated Wealth Concepts LLC purchased a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at approximately $45,000. Western Wealth Management LLC purchased a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 1st quarter valued at approximately $70,000. Brown Lisle Cummings Inc. lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 41.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 7,136 shares of the financial services provider’s stock valued at $66,000 after buying an additional 2,100 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 27.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,300 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,800 shares during 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-end management investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged income through a portfolio focused on municipal bonds. The fund invests primarily in investment-grade municipal securities issued by the State of New York, its local governments, public authorities and other related entities.