Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.47 and traded as low as $11.06. Nuveen New York Quality Municipal Income Fund shares last traded at $11.12, with a volume of 183,204 shares.

Nuveen New York Quality Municipal Income Fund Stock Down 0.2 %

The company has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.48.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.072 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.86 annualized dividend and a dividend yield of 7.77%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in NAN. 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 valued at $671,000 after buying an additional 4,446 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth about $145,000. Horizon Kinetics Asset Management LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 82.9% in the 3rd 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 during the last quarter. HighTower Advisors LLC raised its holdings in Nuveen New York Quality Municipal Income Fund by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock valued at $2,283,000 after acquiring an additional 2,124 shares during the period. Finally, Stifel Financial Corp lifted 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 acquiring an additional 1,975 shares during 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.