Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.61 and traded as high as $9.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.64, with a volume of 433,729 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

The business has a fifty day moving average of $9.61 and a two-hundred day moving average of $10.23.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th.

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

Several large investors have recently modified their holdings of NRK. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after buying an additional 103,864 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 0.6% during the 2nd quarter. HighTower Advisors LLC now owns 440,190 shares of the financial services provider’s stock worth $4,719,000 after buying an additional 2,552 shares during the period. PFG Investments LLC boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% during the 1st quarter. PFG Investments LLC now owns 261,307 shares of the financial services provider’s stock worth $2,668,000 after buying an additional 16,363 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 57.7% during the 1st quarter. Cetera Investment Advisers now owns 103,353 shares of the financial services provider’s stock worth $1,055,000 after buying an additional 37,828 shares during the period. Finally, NewEdge Wealth LLC grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.4% in the 1st quarter. NewEdge Wealth LLC now owns 71,251 shares of the financial services provider’s stock valued at $727,000 after buying an additional 1,655 shares during the last quarter.

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

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged income through a portfolio focused on municipal bonds.

The fund invests primarily in investment-grade municipal securities issued by the State of New York, its local governments, public authorities and other related entities.