Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Declares Monthly Dividend of $0.07

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0655 per share by the financial services provider on Monday, November 2nd. This represents a $0.79 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Thursday, October 15th.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Up 2.0%

NRK stock opened at $9.43 on Friday. The stock’s 50 day moving average price is $10.06 and its 200 day moving average price is $10.35. Nuveen New York AMT-Free Quality Municipal Income Fund has a 1 year low of $9.01 and a 1 year high of $10.90.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 103,864 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth approximately $4,650,000. HighTower Advisors LLC lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 0.6% during the second quarter. HighTower Advisors LLC now owns 440,190 shares of the financial services provider’s stock valued at $4,719,000 after purchasing an additional 2,552 shares during the last quarter. Alpine Global Management LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 2.7% during the fourth quarter. Alpine Global Management LLC now owns 291,281 shares of the financial services provider’s stock worth $2,939,000 after acquiring an additional 7,781 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during the first quarter. PFG Investments LLC now owns 261,307 shares of the financial services provider’s stock valued at $2,668,000 after buying an additional 16,363 shares during the period.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end investment fund managed by Nuveen, a subsidiary of TIAA. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, while also pursuing the preservation of capital.

To pursue its objective, the fund invests primarily in municipal bonds and other tax-exempt securities issued by or on behalf of states, municipalities, and other public authorities.