Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.34 and traded as low as $11.25. Nuveen New York Quality Municipal Income Fund shares last traded at $11.25, with a volume of 145,254 shares traded.

Nuveen New York Quality Municipal Income Fund Price Performance

The firm’s 50-day moving average price is $11.51 and its 200-day moving average price is $11.34.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.072 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 0.5% in the 1st quarter. HighTower Advisors LLC now owns 195,979 shares of the financial services provider’s stock worth $2,230,000 after purchasing an additional 908 shares in the last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.4% during the third quarter. OMNI 360 Wealth Inc. now owns 28,469 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 1,202 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 4.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 39,769 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 1,650 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 8.1% in the 2nd quarter. PFG Investments LLC now owns 22,178 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in 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 worth $497,000 after purchasing an additional 2,044 shares during the period.

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.