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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.99 and traded as low as $10.80. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.82, with a volume of 217,230 shares changing hands.

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

The company has a 50-day simple moving average of $11.11 and a 200 day simple moving average of $10.99.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.069 dividend. This represents a $0.83 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Hedge funds have recently bought and sold shares of the business. Leisure Capital Management grew its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% in the 2nd quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 2,500 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $144,000. Mill Creek Capital Advisors LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $150,000. US Bancorp DE grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 742.0% during the 3rd quarter. US Bancorp DE now owns 15,206 shares of the financial services provider’s stock worth $170,000 after buying an additional 13,400 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $182,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.