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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.34 and traded as low as $11.12. Nuveen New York Quality Municipal Income Fund shares last traded at $11.19, with a volume of 228,816 shares trading hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The firm has a fifty day moving average of $11.48 and a 200-day moving average of $11.34.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

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

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several large investors have recently bought and sold shares of NAN. Guggenheim Capital LLC raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% during the second quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock valued at $8,148,000 after purchasing an additional 33,635 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at $2,018,000. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen New York Quality Municipal Income Fund by 89.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 174,370 shares of the financial services provider’s stock valued at $1,993,000 after buying an additional 82,415 shares during the last quarter. Breakwater Capital Group grew its stake in shares of Nuveen New York Quality Municipal Income Fund by 67.8% during the second quarter. Breakwater Capital Group now owns 72,455 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 29,281 shares in the last quarter. Finally, Lionshead Wealth Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 2nd quarter valued at approximately $731,000.

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.