Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.61 and traded as high as $9.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.64, with a volume of 433,729 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.4%

The firm has a fifty day moving average price of $9.61 and a 200 day moving average price of $10.23.

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

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Thursday, October 15th.

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

A number of large investors have recently added to or reduced their stakes in NRK. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock valued at $8,902,000 after purchasing an additional 103,864 shares during the last quarter. HighTower Advisors LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 0.6% during the second quarter. HighTower Advisors LLC now owns 440,190 shares of the financial services provider’s stock worth $4,719,000 after purchasing an additional 2,552 shares during the period. PFG Investments LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during the first quarter. PFG Investments LLC now owns 261,307 shares of the financial services provider’s stock worth $2,668,000 after purchasing an additional 16,363 shares during the period. Cetera Investment Advisers grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 57.7% during the first quarter. Cetera Investment Advisers now owns 103,353 shares of the financial services provider’s stock worth $1,055,000 after purchasing an additional 37,828 shares during the period. Finally, NewEdge Wealth LLC increased its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.4% during the first quarter. NewEdge Wealth LLC now owns 71,251 shares of the financial services provider’s stock worth $727,000 after buying an additional 1,655 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.