Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Pass Above 200-Day Moving Average – Here’s Why

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 $10.15 and traded as high as $10.43. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.3850, with a volume of 203,882 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 1.4%

The firm’s 50-day moving average price is $10.31 and its 200-day moving average price is $10.16.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock worth $12,847,000 after acquiring an additional 644,852 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at $4,650,000. Alpine Global Management LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth $2,892,000. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock valued at $5,339,000 after purchasing an additional 231,617 shares in the last quarter. Finally, North Ground Capital raised its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% during the third quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock valued at $5,494,000 after purchasing an additional 218,075 shares in the last quarter.

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.