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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $11.09 and traded as low as $9.81. Nuveen New York Quality Municipal Income Fund shares last traded at $9.8350, with a volume of 135,485 shares changing hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The stock has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $11.08.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.0680 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.82 annualized dividend and a yield of 8.3%.

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

Institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 15.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 601,349 shares of the financial services provider’s stock worth $7,054,000 after purchasing an additional 81,187 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the first quarter valued at approximately $1,857,000. Breakwater Capital Group lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 425.4% during the 3rd quarter. Breakwater Capital Group now owns 68,842 shares of the financial services provider’s stock valued at $676,000 after buying an additional 55,739 shares in the last quarter. NewEdge Wealth LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 74.1% during the 1st quarter. NewEdge Wealth LLC now owns 47,000 shares of the financial services provider’s stock valued at $524,000 after buying an additional 20,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 10.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 45,296 shares of the financial services provider’s stock valued at $505,000 after buying an additional 4,235 shares in the last quarter.

About Nuveen New York Quality Municipal Income Fund

Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable restrictions and individual circumstances.

The fund invests primarily in municipal bonds and other fixed-income securities issued by or on behalf of municipalities and governmental entities in New York. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities and housing.