Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.33 and traded as high as $11.39. Nuveen New York Quality Municipal Income Fund shares last traded at $11.3450, with a volume of 206,874 shares trading hands.

Nuveen New York Quality Municipal Income Fund Stock Performance

The business’s 50 day moving average price is $11.38 and its 200 day moving average price is $11.33.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.072 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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

Several large investors have recently bought and sold shares of NAN. Guggenheim Capital LLC lifted its holdings in Nuveen New York Quality Municipal Income Fund by 4.9% in the 2nd 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 in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 83.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock valued at $3,609,000 after buying an additional 146,182 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the third quarter valued at approximately $2,018,000. Lionshead Wealth Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund in the 2nd quarter valued at about $731,000. Finally, Westwood Wealth Management purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at approximately $717,000.

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.