Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Passes Below 200-Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed 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 trading hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The company’s 50 day simple moving average is $11.47 and its 200 day simple moving average is $11.49.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its stake 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 buying an additional 2,124 shares during the period. Commonwealth Equity Services LLC raised its holdings in Nuveen New York Quality Municipal Income Fund by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 4,446 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 82.9% in 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 purchasing an additional 17,281 shares during the period. Stifel Financial Corp increased its position in Nuveen New York Quality Municipal Income Fund by 18.8% during the 3rd quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,975 shares during the period. Finally, PFG Investments LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the third quarter valued at approximately $145,000.

About Nuveen New York Quality Municipal Income Fund

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.