Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.50 and traded as low as $11.41. Nuveen New York Quality Municipal Income Fund shares last traded at $11.44, with a volume of 35,284 shares.

Nuveen New York Quality Municipal Income Fund Trading Down 0.3 %

The firm’s 50-day simple moving average is $11.42 and its two-hundred day simple moving average is $11.50.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Wednesday, January 15th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Seelaus Asset Management LLC purchased a new position in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $129,000. PFG Investments LLC purchased a new position in Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at about $145,000. Stifel Financial Corp raised its position in Nuveen New York Quality Municipal Income Fund by 18.8% during the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,975 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at about $162,000. Finally, Ibex Wealth Advisors acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at approximately $170,000.

About Nuveen New York Quality Municipal Income Fund

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.