Nuveen New York Quality Municipal Income Fund (NAN) to Distribute Monthly Dividend of $0.07 on September 1st

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.068 per share by the financial services provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, August 14th.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NAN opened at $11.22 on Wednesday. Nuveen New York Quality Municipal Income Fund has a 52 week low of $10.79 and a 52 week high of $11.80. The stock’s 50-day moving average price is $11.52 and its 200-day moving average price is $11.45.

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $11.28 per share, with a total value of $33,840.00. Following the completion of the acquisition, the insider owned 3,000 shares of the company’s stock, valued at $33,840. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in NAN. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 15.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 601,349 shares of the financial services provider’s stock valued at $7,054,000 after purchasing an additional 81,187 shares in the last quarter. David J Yvars Group purchased a new stake in Nuveen New York Quality Municipal Income Fund during the second quarter worth $119,000. NewEdge Advisors LLC boosted its holdings in Nuveen New York Quality Municipal Income Fund by 8.2% during the first quarter. NewEdge Advisors LLC now owns 11,901 shares of the financial services provider’s stock worth $133,000 after buying an additional 900 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter valued at $74,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter valued at $1,857,000.

Nuveen New York Quality Municipal Income Fund Company Profile

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.