Nuveen New York Quality Municipal Income Fund (NAN) to Issue Monthly Dividend of $0.07 on April 1st

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.072 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NYSE NAN traded down $0.04 during mid-day trading on Wednesday, reaching $11.49. 53,081 shares of the company’s stock were exchanged, compared to its average volume of 82,905. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.69 and a 52-week high of $11.81. The company’s 50-day moving average is $11.42 and its 200-day moving average is $11.40.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NAN. NewEdge Advisors LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at approximately $124,000. &PARTNERS acquired a new position in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter worth $147,000. Jane Street Group LLC purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $147,000. HRT Financial LP acquired a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $155,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Nuveen New York Quality Municipal Income Fund by 11.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after buying an additional 1,000 shares during the last quarter.

About Nuveen New York Quality Municipal Income Fund

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.