Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.00 and traded as low as $10.28. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.37, with a volume of 366,887 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Price Performance

The firm has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $11.00.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.069 dividend. This represents a $0.83 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Friday, December 13th.

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

Several large investors have recently added to or reduced their stakes in the business. PFG Investments LLC grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 28.2% in the third quarter. PFG Investments LLC now owns 139,794 shares of the financial services provider’s stock worth $1,566,000 after acquiring an additional 30,778 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at $295,000. Virtu Financial LLC acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth $291,000. Oppenheimer & Co. Inc. increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 151.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,390 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 22,521 shares during the period. Finally, TIAA Trust National Association acquired a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at about $182,000.

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.