Nuveen New York AMT-Free Quality Municipal Income Fund to Issue Monthly Dividend of $0.07 (NYSE:NRK)

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.069 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, January 15th.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

NRK stock traded up $0.04 during trading on Tuesday, hitting $10.24. The company had a trading volume of 96,086 shares, compared to its average volume of 219,246. The business has a 50 day moving average of $10.12 and a 200 day moving average of $9.90. Nuveen New York AMT-Free Quality Municipal Income Fund has a fifty-two week low of $9.30 and a fifty-two week high of $10.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Moody National Bank Trust Division acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $113,000. Permanent Capital Management LP acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter valued at $140,000. Alpine Global Management LLC bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth $2,892,000. Susquehanna International Group LLP bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth $107,000. Finally, Bank of America Corp DE lifted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 3.5% in the third quarter. Bank of America Corp DE now owns 349,333 shares of the financial services provider’s stock valued at $3,563,000 after buying an additional 11,861 shares during the period.

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.