Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Crosses Above 200-Day Moving Average of $10.95

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.95 and traded as high as $11.26. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $11.22, with a volume of 209,487 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.2 %

The business’s 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $10.95.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.069 per share. This represents a $0.83 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NRK. Leisure Capital Management grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% during the second quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 2,500 shares during the period. Herold Advisors Inc. increased its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.5% in the 2nd quarter. Herold Advisors Inc. now owns 41,572 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 2,526 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 5.0% during the 2nd quarter. RMR Wealth Builders now owns 69,693 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 3,310 shares during the period. Wellspring Financial Advisors LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 19.2% during the 4th quarter. Wellspring Financial Advisors LLC now owns 43,496 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 7,000 shares during the period. Finally, Avestar Capital LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter worth $111,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.