Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.44 and traded as low as $11.09. Nuveen New York Quality Municipal Income Fund shares last traded at $11.1120, with a volume of 94,466 shares trading hands.

Nuveen New York Quality Municipal Income Fund Trading Down 0.4%

The company’s fifty day simple moving average is $11.45 and its two-hundred day simple moving average is $11.43.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.068 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NAN. Indivisible Partners acquired a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth $3,559,000. Ashton Thomas Securities LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund during the first quarter valued at $1,857,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 15.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 601,349 shares of the financial services provider’s stock valued at $7,054,000 after acquiring an additional 81,187 shares during the period. GC Wealth Management RIA LLC bought a new position in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter worth about $620,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 2nd quarter worth about $251,000.

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.