Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Pass Above 200 Day Moving Average of $10.91

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.91 and traded as high as $11.10. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $11.07, with a volume of 80,510 shares traded.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.1 %

The stock has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $10.91.

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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.069 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.83 annualized dividend and a yield of 7.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 400.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,000 shares in the last quarter. Avestar Capital LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at about $111,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at about $116,000. Private Advisor Group LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at about $137,000. Finally, Leisure Capital Management raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% in the 2nd quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,500 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.