Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Announces $0.07 Monthly Dividend

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.068 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen New York Quality Municipal Income Fund Price Performance

NYSE NAN opened at $11.74 on Thursday. Nuveen New York Quality Municipal Income Fund has a one year low of $10.79 and a one year high of $11.76. The company’s 50-day simple moving average is $11.48 and its two-hundred day simple moving average is $11.42.

Insider Transactions at Nuveen New York Quality Municipal Income Fund

In other Nuveen New York Quality Municipal Income Fund news, major shareholder Of America Corp /De/ Bank acquired 3,000 shares of Nuveen New York Quality Municipal Income Fund stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $11.28 per share, with a total value of $33,840.00. Following the completion of the purchase, the insider directly owned 3,000 shares of the company’s stock, 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 can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in shares of Nuveen New York Quality Municipal Income Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,901 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 900 shares in the last quarter. Western Wealth Management LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter valued at about $74,000. Ashton Thomas Securities LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter valued at about $1,857,000. NewEdge Wealth LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 74.1% in the first quarter. NewEdge Wealth LLC now owns 47,000 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 20,000 shares during the last quarter. Finally, PFG Investments LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 13.0% in the first quarter. PFG Investments LLC now owns 37,434 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 4,316 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.