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

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.34 and traded as low as $11.28. Nuveen New York Quality Municipal Income Fund shares last traded at $11.2950, with a volume of 66,785 shares traded.

Nuveen New York Quality Municipal Income Fund Stock Down 0.2%

The firm’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $11.34.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.6%.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

A number of hedge funds have recently modified their holdings of NAN. OMNI 360 Wealth Inc. increased its position in shares of Nuveen New York Quality Municipal Income Fund by 4.4% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 28,469 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 1,202 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in Nuveen New York Quality Municipal Income Fund by 4.3% during the second quarter. Horizon Kinetics Asset Management LLC now owns 39,769 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,650 shares during the period. PFG Investments LLC increased its position in shares of Nuveen New York Quality Municipal Income Fund by 8.1% during the second quarter. PFG Investments LLC now owns 22,178 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,662 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,503 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 2,044 shares during the period. Finally, Avestar Capital LLC raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 9.4% in the 3rd quarter. Avestar Capital LLC now owns 37,084 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 3,200 shares during the period.

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.