Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.30 and traded as low as $9.22. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.3050, with a volume of 333,909 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.9%

The business’s 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $10.30.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 8.4%.

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

Large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $26,000. Integrated Wealth Concepts LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter worth $45,000. Western Wealth Management LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the first quarter worth $70,000. Farther Finance Advisors LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 27.7% during the third quarter. Farther Finance Advisors LLC now owns 8,300 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,800 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter worth $198,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City income taxes, while also pursuing the preservation of capital.

To pursue its objective, the fund invests primarily in municipal securities issued by or on behalf of New York State and its local governments, agencies and other public authorities. These investments may finance public infrastructure and services, including schools, transportation systems, utilities, hospitals and other essential projects.

The fund focuses on municipal bonds that are generally exempt from the federal alternative minimum tax.