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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.61 and traded as high as $9.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.64, with a volume of 433,729 shares traded.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Up 0.4%

The stock has a 50 day moving average price of $9.61 and a two-hundred day moving average price of $10.23.

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

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a $0.0655 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 8.2%.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

Large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock valued at $8,902,000 after purchasing an additional 103,864 shares during the period. Cetera Investment Advisers lifted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 57.7% in the first quarter. Cetera Investment Advisers now owns 103,353 shares of the financial services provider’s stock valued at $1,055,000 after acquiring an additional 37,828 shares during the last quarter. Evanson Financial LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at about $259,000. Breakwater Capital Group boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 95.0% during the second quarter. Breakwater Capital Group now owns 44,086 shares of the financial services provider’s stock worth $473,000 after buying an additional 21,479 shares during the period. Finally, Readystate Asset Management LP purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at $198,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged income through a portfolio focused on municipal bonds.

The fund invests primarily in investment-grade municipal securities issued by the State of New York, its local governments, public authorities and other related entities.