Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.42 and traded as low as $11.23. Nuveen New York Quality Municipal Income Fund shares last traded at $11.25, with a volume of 60,418 shares traded.

Nuveen New York Quality Municipal Income Fund Stock Performance

The firm has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $11.42.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 7.7%.

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank purchased 3,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $11.28 per share, with a total value of $33,840.00. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $33,840. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Nuveen New York Quality Municipal Income Fund by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,061 shares of the financial services provider’s stock worth $462,000 after buying an additional 2,964 shares during the period. Envestnet Asset Management Inc. lifted its position in Nuveen New York Quality Municipal Income Fund by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 43,503 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 2,044 shares during the period. LPL Financial LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 7.3% during the 4th quarter. LPL Financial LLC now owns 36,634 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 2,500 shares during the period. Cresset Asset Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 2nd quarter worth approximately $251,000. Finally, &PARTNERS acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth approximately $147,000.

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.