Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.11 and traded as high as $10.14. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.1250, with a volume of 226,709 shares trading hands.

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

The company has a 50 day moving average of $10.11 and a 200-day moving average of $9.89.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.069 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 8.2%.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mathes Company Inc. increased its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the 3rd quarter. Mathes Company Inc. now owns 23,000 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 1,000 shares during the period. Cetera Investment Advisers boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,077 shares in the last quarter. Frisch Financial Group Inc. increased its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% during the third quarter. Frisch Financial Group Inc. now owns 17,221 shares of the financial services provider’s stock valued at $177,000 after buying an additional 1,297 shares during the period. First Horizon Corp bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter worth about $26,000. Finally, PFG Investments LLC raised its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.0% in the second quarter. PFG Investments LLC now owns 260,163 shares of the financial services provider’s stock worth $2,578,000 after buying an additional 2,564 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 (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.