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

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.96 and traded as low as $10.39. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.43, with a volume of 134,919 shares traded.

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

The stock has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $10.96.

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

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.069 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.83 dividend on an annualized basis and a yield of 7.94%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mill Creek Capital Advisors LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the second quarter worth about $150,000. Private Advisor Group LLC grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.8% during the 3rd quarter. Private Advisor Group LLC now owns 17,300 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 1,398 shares during the period. PFG Investments LLC increased its holdings 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 valued at $1,566,000 after purchasing an additional 30,778 shares in the last quarter. US Bancorp DE lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 742.0% in the 3rd quarter. US Bancorp DE now owns 15,206 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 13,400 shares during the period. Finally, Clear Creek Financial Management LLC boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 29.2% during the third quarter. Clear Creek Financial Management LLC now owns 16,800 shares of the financial services provider’s stock worth $188,000 after buying an additional 3,800 shares in the last quarter.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

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.