Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

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 $11.46 and traded as low as $11.16. Nuveen New York Quality Municipal Income Fund shares last traded at $11.23, with a volume of 86,461 shares trading hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The firm has a 50 day moving average of $11.53 and a 200-day moving average of $11.46.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.068 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Insider Buying and Selling at Nuveen New York Quality Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank purchased 3,000 shares of Nuveen New York Quality Municipal Income Fund stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $11.28 per share, with a total value of $33,840.00. Following the completion of the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at $33,840. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the stock. Indivisible Partners purchased a new position in Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $3,559,000. Ashton Thomas Securities LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the 1st quarter worth approximately $1,857,000. Hennion & Walsh Asset Management Inc. lifted its position in 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 worth $3,609,000 after buying an additional 146,182 shares in the last quarter. Westwood Wealth Management acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $717,000. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $620,000.

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.