Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.15 and traded as high as $10.43. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.3850, with a volume of 203,882 shares trading hands.

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

The business has a fifty day moving average of $10.30 and a 200-day moving average of $10.15.

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

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Large investors have recently modified their holdings of the company. Frisch Financial Group Inc. increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% during the 3rd quarter. Frisch Financial Group Inc. now owns 17,221 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 1,297 shares during the period. Breakwater Capital Group bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at $156,000. RMR Wealth Builders boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.2% in the 3rd quarter. RMR Wealth Builders now owns 66,677 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 2,694 shares during the period. CWM LLC grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 1,205.5% during the 3rd quarter. CWM LLC now owns 3,786 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,496 shares in the last quarter. Finally, North Ground Capital grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% during the 3rd quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock valued at $5,494,000 after purchasing an additional 218,075 shares in the last quarter.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

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.