Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Shares Cross Below 200 Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.34 and traded as low as $11.26. Nuveen New York Quality Municipal Income Fund shares last traded at $11.28, with a volume of 76,354 shares traded.

Nuveen New York Quality Municipal Income Fund Trading Down 0.4%

The firm has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $11.34.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, January 15th.

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

Several large investors have recently modified their holdings of NAN. Ashton Thomas Securities LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at $2,018,000. Hennion & Walsh Asset Management Inc. grew its position in Nuveen New York Quality Municipal Income Fund by 89.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 174,370 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 82,415 shares during the last quarter. Lionshead Wealth Management LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the second quarter valued at $731,000. Guggenheim Capital LLC raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the second quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock valued at $8,148,000 after buying an additional 33,635 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter worth about $367,000.

Nuveen New York Quality Municipal Income Fund Company Profile

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.