Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Passes Above Two Hundred Day Moving Average of $10.19

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.19 and traded as high as $10.89. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.87, with a volume of 62,059 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Up 0.0 %

The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $10.19.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Nuveen New York AMT-Free Quality Municipal Income Fund’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a yield of 5.19%.

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

Several institutional investors and hedge funds have recently bought and sold shares of NRK. Nomura Holdings Inc. bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $116,000. PNC Financial Services Group Inc. lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 385,440 shares of the financial services provider’s stock valued at $4,059,000 after purchasing an additional 131,162 shares during the last quarter. Citadel Advisors LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 89.1% in the fourth quarter. Citadel Advisors LLC now owns 40,078 shares of the financial services provider’s stock valued at $422,000 after buying an additional 18,886 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 72.3% during the fourth quarter. Cohen & Steers Inc. now owns 83,385 shares of the financial services provider’s stock worth $878,000 after buying an additional 35,000 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.4% during the fourth quarter. Royal Bank of Canada now owns 234,377 shares of the financial services provider’s stock worth $2,468,000 after buying an additional 9,820 shares in the last quarter.

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.