Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Passes Below 200 Day Moving Average of $10.31

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.31 and traded as low as $9.85. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.91, with a volume of 146,542 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.6 %

The firm’s fifty day simple moving average is $10.22 and its 200 day simple moving average is $10.31.

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

The company also recently announced a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.034 dividend. This represents a $0.41 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Monday, August 14th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 7.1% in the 2nd quarter. Cetera Advisor Networks LLC now owns 14,725 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 980 shares during the period. Bank of New York Mellon Corp increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 131,228 shares of the financial services provider’s stock valued at $1,387,000 after purchasing an additional 1,358 shares in the last quarter. HighTower Advisors LLC increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 0.3% during the 4th quarter. HighTower Advisors LLC now owns 431,423 shares of the financial services provider’s stock valued at $4,421,000 after purchasing an additional 1,415 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 11.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,719 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 3.9% in the 1st quarter. Ameriprise Financial Inc. now owns 54,483 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 2,068 shares in the last quarter.

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

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.