Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.43 and traded as high as $11.54. Nuveen New York Quality Municipal Income Fund shares last traded at $11.53, with a volume of 55,427 shares traded.

Nuveen New York Quality Municipal Income Fund Price Performance

The firm has a 50 day moving average of $11.39 and a two-hundred day moving average of $11.43.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.072 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 11.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 1,000 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 1,423 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,503 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 2,044 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 7.3% in the 4th quarter. LPL Financial LLC now owns 36,634 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 7.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,061 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 2,964 shares in the last quarter.

Nuveen New York Quality Municipal Income Fund Company Profile

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.