Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.20 and traded as high as $10.50. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.4650, with a volume of 201,783 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Price Performance

The stock’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $10.20.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.069 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Wednesday, April 15th.

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

Several institutional investors and hedge funds have recently bought and sold shares of NRK. Alpine Global Management LLC increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 2.7% in the 4th quarter. Alpine Global Management LLC now owns 291,281 shares of the financial services provider’s stock valued at $2,939,000 after purchasing an additional 7,781 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.2% in the 4th quarter. Sit Investment Associates Inc. now owns 245,974 shares of the financial services provider’s stock valued at $2,482,000 after purchasing an additional 10,000 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock valued at $12,847,000 after purchasing an additional 644,852 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,318,465 shares of the financial services provider’s stock valued at $13,303,000 after purchasing an additional 115,893 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 111.9% in the 4th quarter. Cetera Investment Advisers now owns 65,525 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 34,606 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.