Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.34 and traded as low as $11.28. Nuveen New York Quality Municipal Income Fund shares last traded at $11.2950, with a volume of 66,785 shares changing hands.

Nuveen New York Quality Municipal Income Fund Stock Down 0.2%

The company’s 50 day moving average price is $11.40 and its 200 day moving average price is $11.34.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a $0.072 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Hedge funds have recently modified their holdings of the stock. South Shore Capital Advisors purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $195,000. Westwood Wealth Management purchased a new position in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at about $717,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of 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 valued at $3,609,000 after buying an additional 146,182 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Nuveen New York Quality Municipal Income Fund by 54.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,618 shares of the financial services provider’s stock worth $436,000 after buying an additional 13,665 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter worth approximately $367,000.

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.