Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.24 and traded as high as $10.70. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.6850, with a volume of 467,944 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Up 0.8%

The business has a fifty day moving average price of $10.40 and a 200 day moving average price of $10.24.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NRK. Rivernorth Capital Management LLC boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock valued at $12,847,000 after buying an additional 644,852 shares in the last quarter. Fiera Capital Corp bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $4,650,000. Alpine Global Management LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the third quarter valued at about $2,892,000. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock valued at $5,339,000 after buying an additional 231,617 shares in the last quarter. Finally, North Ground Capital boosted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% during the third quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock valued at $5,494,000 after buying an additional 218,075 shares in the last quarter.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.