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

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.28 and traded as high as $10.61. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.5850, with a volume of 224,678 shares trading hands.

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

The firm has a 50 day moving average of $10.41 and a 200-day moving average of $10.28.

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

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.069 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, May 15th.

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

Institutional investors have recently made changes to their positions in the stock. Mathes Company Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the third quarter. Mathes Company Inc. now owns 23,000 shares of the financial services provider’s stock worth $235,000 after buying an additional 1,000 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.0% during the fourth quarter. Clear Creek Financial Management LLC now owns 17,800 shares of the financial services provider’s stock worth $180,000 after buying an additional 1,000 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during the second quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock worth $170,000 after buying an additional 1,077 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 3.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 32,349 shares of the financial services provider’s stock worth $326,000 after buying an additional 1,200 shares in the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% during the third quarter. Frisch Financial Group Inc. now owns 17,221 shares of the financial services provider’s stock worth $177,000 after buying an additional 1,297 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.