Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

by · The Markets Daily

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.02 and traded as low as $10.35. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.35, with a volume of 589,460 shares traded.

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

The stock has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $11.02.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.069 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 8.02%.

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

Several hedge funds and other institutional investors have recently modified their holdings of NRK. Horizon Kinetics Asset Management LLC lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 71,483 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 4,587 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 151.5% during the third quarter. Oppenheimer & Co. Inc. now owns 37,390 shares of the financial services provider’s stock valued at $419,000 after buying an additional 22,521 shares during the last quarter. GoalVest Advisory LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth approximately $168,000. US Bancorp DE boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 742.0% during the 3rd quarter. US Bancorp DE now owns 15,206 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 13,400 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth $64,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

(Get Free Report)

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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