Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Cross Above Two Hundred Day Moving Average of $10.25

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.25 and traded as high as $10.72. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.67, with a volume of 130,643 shares.

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

The stock’s 50 day moving average price is $10.85 and its 200 day moving average price is $10.25.

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

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.047 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, April 12th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 400.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 2,000 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at $36,000. Integrated Wealth Concepts LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter worth $109,000. Avestar Capital LLC acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at $111,000. Finally, Nomura Holdings Inc. bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $116,000.

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

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.