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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.46 and traded as low as $11.16. Nuveen New York Quality Municipal Income Fund shares last traded at $11.23, with a volume of 86,461 shares trading hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The stock has a 50 day moving average of $11.53 and a two-hundred day moving average of $11.46.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.068 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Insider Buying and Selling at Nuveen New York Quality Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $11.28 per share, with a total value of $33,840.00. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $33,840. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

Several hedge funds have recently made changes to their positions in NAN. Western Wealth Management LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the 1st quarter worth approximately $74,000. Steward Partners Investment Advisory LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 11.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 1,000 shares during the period. David J Yvars Group acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 2nd quarter valued at $119,000. NewEdge Advisors LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $124,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $147,000.

About Nuveen New York Quality Municipal Income Fund

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.