Rivernorth Capital Management LLC cut its stake in Nuveen New York AMT-Fr Qty Mnpl Incm Fd (NYSE:NRK) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 709,952 shares of the financial services provider’s stock after selling 59,228 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Nuveen New York AMT-Fr Qty Mnpl Incm Fd were worth $9,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NRK. FNY Investment Advisers LLC purchased a new position in shares of Nuveen New York AMT-Fr Qty Mnpl Incm Fd during the second quarter valued at approximately $76,000. Bank of New York Mellon Corp purchased a new position in shares of Nuveen New York AMT-Fr Qty Mnpl Incm Fd during the second quarter valued at approximately $136,000. Janney Montgomery Scott LLC lifted its holdings in shares of Nuveen New York AMT-Fr Qty Mnpl Incm Fd by 24.4% during the second quarter. Janney Montgomery Scott LLC now owns 29,364 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 5,757 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Nuveen New York AMT-Fr Qty Mnpl Incm Fd during the second quarter valued at approximately $450,000. Finally, Wall Street Access Asset Management LLC purchased a new position in shares of Nuveen New York AMT-Fr Qty Mnpl Incm Fd during the second quarter valued at approximately $510,000.

Shares of NRK stock traded up $0.01 during trading hours on Friday, hitting $13.32. 917 shares of the company’s stock traded hands, compared to its average volume of 98,562. The stock’s fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $13.06. Nuveen New York AMT-Fr Qty Mnpl Incm Fd has a 12-month low of $11.48 and a 12-month high of $13.69.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.54 annualized dividend and a dividend yield of 4.05%.

About Nuveen New York AMT-Fr Qty Mnpl Incm Fd

Nuveen New York AMT-Free 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 undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.

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Want to see what other hedge funds are holding NRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen New York AMT-Fr Qty Mnpl Incm Fd (NYSE:NRK).

Institutional Ownership by Quarter for Nuveen New York AMT-Fr Qty Mnpl Incm Fd (NYSE:NRK)

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