Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.24 and traded as high as $10.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.6850, with a volume of 467,944 shares trading hands.

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

The stock has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.24.

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

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.069 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 9.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,318,465 shares of the financial services provider’s stock worth $13,303,000 after acquiring an additional 115,893 shares during the period. Rivernorth Capital Management LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock worth $12,847,000 after acquiring an additional 644,852 shares during the period. North Ground Capital boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 11.6% during the 4th quarter. North Ground Capital now owns 601,212 shares of the financial services provider’s stock worth $6,066,000 after acquiring an additional 62,562 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock worth $5,339,000 after acquiring an additional 231,617 shares during the period. Finally, Fiera Capital Corp acquired a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth about $4,650,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.