Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.45 and traded as low as $11.14. Nuveen New York Quality Municipal Income Fund shares last traded at $11.15, with a volume of 98,016 shares.

Nuveen New York Quality Municipal Income Fund Stock Down 0.3%

The business has a 50 day moving average price of $11.46 and a two-hundred day moving average price of $11.45.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.072 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.7%.

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

Several large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 11.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after buying an additional 1,000 shares during the last quarter. J. L. Bainbridge & Co. Inc. purchased a new stake in Nuveen New York Quality Municipal Income Fund during the third quarter worth about $116,000. NewEdge Advisors LLC bought a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $124,000. Jane Street Group LLC bought a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $147,000. Finally, &PARTNERS purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at about $147,000.

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.