Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.49 and traded as low as $11.26. Nuveen New York Quality Municipal Income Fund shares last traded at $11.29, with a volume of 71,369 shares changing hands.

Nuveen New York Quality Municipal Income Fund Stock Down 0.5 %

The business’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.49.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NAN. PFG Investments LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth $145,000. Stifel Financial Corp increased 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 buying an additional 1,975 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in Nuveen New York Quality Municipal Income Fund by 82.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock valued at $449,000 after buying an additional 17,281 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Nuveen New York Quality Municipal Income Fund by 8.1% in the second quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock worth $671,000 after buying an additional 4,446 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock worth $2,283,000 after acquiring an additional 2,124 shares in the last quarter.

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.