Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Pass Above 200-Day Moving Average of $10.30

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.30 and traded as high as $10.59. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.59, with a volume of 148,639 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.3 %

The firm’s fifty day moving average is $10.82 and its two-hundred day moving average is $10.30.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.047 dividend. This represents a $0.56 annualized dividend and a yield of 5.33%. The ex-dividend date is Friday, April 12th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 1st quarter worth $284,000. Sanders Morris Harris LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 1st quarter worth $464,000. Nomura Holdings Inc. bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth $116,000. PNC Financial Services Group Inc. boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 385,440 shares of the financial services provider’s stock worth $4,059,000 after buying an additional 131,162 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 89.1% in the 4th quarter. Citadel Advisors LLC now owns 40,078 shares of the financial services provider’s stock worth $422,000 after buying an additional 18,886 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.