Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.00 and traded as low as $10.28. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.37, with a volume of 366,887 shares changing hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

The company’s 50-day moving average is $10.83 and its 200-day moving average is $11.00.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.069 per share. This represents a $0.83 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NRK. TIAA Trust National Association acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the second quarter valued at about $182,000. Mill Creek Capital Advisors LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at approximately $150,000. Private Advisor Group LLC lifted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.8% in the 3rd quarter. Private Advisor Group LLC now owns 17,300 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 1,398 shares during the last quarter. PFG Investments LLC boosted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 28.2% during the 3rd quarter. PFG Investments LLC now owns 139,794 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 30,778 shares during the period. Finally, US Bancorp DE boosted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 742.0% during the 3rd quarter. US Bancorp DE now owns 15,206 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 13,400 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free 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 undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.