Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.15 and traded as high as $10.43. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.3850, with a volume of 203,882 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.0%

The company’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $10.15.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.069 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mathes Company Inc. grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% in the 3rd quarter. Mathes Company Inc. now owns 23,000 shares of the financial services provider’s stock valued at $235,000 after buying an additional 1,000 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.0% during the fourth quarter. Clear Creek Financial Management LLC now owns 17,800 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 1,000 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% in the second quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 1,077 shares during the period. Cary Street Partners Financial LLC boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 3.9% in the fourth quarter. Cary Street Partners Financial LLC now owns 32,349 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 1,200 shares during the period. Finally, Frisch Financial Group Inc. grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% in the third quarter. Frisch Financial Group Inc. now owns 17,221 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,297 shares in the last quarter.

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.