Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Pass Above 200 Day Moving Average of $10.91

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.91 and traded as high as $11.10. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $11.07, with a volume of 80,510 shares traded.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.1 %

The stock’s 50-day moving average price is $11.05 and its 200-day moving average price is $10.91.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.069 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 7.48%.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. lifted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 400.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 2,000 shares in the last quarter. Avestar Capital LLC purchased a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at about $111,000. Nomura Holdings Inc. purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth approximately $116,000. Private Advisor Group LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth approximately $137,000. Finally, Leisure Capital Management grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% in the 2nd quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,500 shares in the last quarter.

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

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.