Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.28 and traded as high as $10.61. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.5850, with a volume of 224,678 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 0.1%

The company’s 50 day moving average price is $10.41 and its 200-day moving average price is $10.28.

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

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, May 15th.

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 stock. International Assets Investment Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $44,000. Elyxium Wealth LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $69,000. Western Wealth Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 1st quarter worth about $70,000. Kestra Advisory Services LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $79,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $85,000.

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

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.