Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.46 and traded as low as $10.35. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.3850, with a volume of 303,622 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.6%

The company has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $10.45.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% in the 2nd quarter. Susquehanna International Group LLP now owns 52,683 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 4,044 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 103,864 shares during the period. Breakwater Capital Group raised its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 95.0% in the second quarter. Breakwater Capital Group now owns 44,086 shares of the financial services provider’s stock worth $473,000 after buying an additional 21,479 shares in the last quarter. Evanson Financial LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the second quarter worth $259,000. Finally, Western Wealth Management LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the first quarter valued at $70,000.

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.