Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.50 and traded as low as $11.23. Nuveen New York Quality Municipal Income Fund shares last traded at $11.38, with a volume of 85,275 shares traded.

Nuveen New York Quality Municipal Income Fund Trading Up 0.4 %

The firm’s fifty day moving average is $11.45 and its 200-day moving average is $11.50.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in NAN. Janney Montgomery Scott LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 10.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,144 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 3,899 shares during the period. Stifel Financial Corp lifted its stake in Nuveen New York Quality Municipal Income Fund by 18.8% in the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,975 shares during the period. HighTower Advisors LLC lifted its stake in Nuveen New York Quality Municipal Income Fund by 1.1% in the third quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock valued at $2,283,000 after buying an additional 2,124 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of Nuveen New York Quality Municipal Income Fund by 82.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock worth $449,000 after buying an additional 17,281 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth about $145,000.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York 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 municipal bonds, with a rating of Baa or higher.