Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Above 200-Day Moving Average of $10.61

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.61 and traded as high as $10.79. Nuveen New York Quality Municipal Income Fund shares last traded at $10.78, with a volume of 101,991 shares changing hands.

Nuveen New York Quality Municipal Income Fund Stock Up 1.0 %

The stock has a 50 day moving average price of $10.84 and a 200 day moving average price of $10.61.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, May 14th.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the business. OMNI 360 Wealth Inc. bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth $264,000. Raymond James & Associates raised its holdings in Nuveen New York Quality Municipal Income Fund by 4.9% during the 4th quarter. Raymond James & Associates now owns 33,216 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 1,537 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth about $121,000. Financial Network Wealth Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter worth approximately $350,000. Finally, AQR Arbitrage LLC raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 70.0% during the third quarter. AQR Arbitrage LLC now owns 223,157 shares of the financial services provider’s stock valued at $2,158,000 after purchasing an additional 91,874 shares during the period.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York 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 municipal bonds, with a rating of Baa or higher.