Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.41 and traded as high as $10.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.6150, with a volume of 226,212 shares traded.

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

The firm’s 50-day moving average is $10.58 and its two-hundred day moving average is $10.41.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Wednesday, July 15th.

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

Hedge funds have recently made changes to their positions in the company. Accredited Investor Services LLC boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 45.8% during the 4th quarter. Accredited Investor Services LLC now owns 15,647 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 4,916 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $85,000. Elyxium Wealth LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $69,000. International Assets Investment Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $44,000. Finally, Indivisible Partners acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $824,000.

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.