Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.54 and traded as high as $11.85. Nuveen New York Quality Municipal Income Fund shares last traded at $11.85, with a volume of 88,178 shares changing hands.

Nuveen New York Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average price of $11.48 and a 200 day moving average price of $11.54.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.072 per share. The ex-dividend date was Friday, February 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.29%.

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

A number of institutional investors and hedge funds have recently modified their holdings of NAN. Transcend Capital Advisors LLC lifted its position in shares of Nuveen New York Quality Municipal Income Fund by 2,364.0% during the 4th quarter. Transcend Capital Advisors LLC now owns 246,398 shares of the financial services provider’s stock valued at $2,809,000 after acquiring an additional 236,398 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $781,000. Bank of America Corp DE raised its stake in Nuveen New York Quality Municipal Income Fund by 7.3% during the 4th quarter. Bank of America Corp DE now owns 786,198 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 53,761 shares during the period. Guggenheim Capital LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 6.7% during the 4th quarter. Guggenheim Capital LLC now owns 665,090 shares of the financial services provider’s stock valued at $7,582,000 after purchasing an additional 41,782 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $296,000.

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.