Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.33 and traded as high as $11.39. Nuveen New York Quality Municipal Income Fund shares last traded at $11.3450, with a volume of 206,874 shares.

Nuveen New York Quality Municipal Income Fund Price Performance

The stock’s fifty day moving average is $11.38 and its 200 day moving average is $11.33.

Nuveen New York Quality Municipal Income Fund Announces Dividend

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

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GC Wealth Management RIA LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth approximately $620,000. PFG Investments LLC boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 16.1% during the fourth quarter. PFG Investments LLC now owns 33,118 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 4,590 shares in the last quarter. South Shore Capital Advisors purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter worth $195,000. Westwood Wealth Management purchased a new position in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter worth approximately $717,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen New York Quality Municipal Income Fund by 83.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock worth $3,609,000 after purchasing an additional 146,182 shares in the last quarter.

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.