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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.072 per share by the financial services provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NAN traded up $0.08 during mid-day trading on Wednesday, reaching $11.54. The company’s stock had a trading volume of 61,224 shares, compared to its average volume of 76,355. Nuveen New York Quality Municipal Income Fund has a 1-year low of $10.79 and a 1-year high of $11.67. The business has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $11.43.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 11.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 1,000 shares during the period. HighTower Advisors LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 1,423 shares during the period. Envestnet Asset Management Inc. increased its stake 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 increased its stake 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. Finally, Janney Montgomery Scott LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 7.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 41,061 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 2,964 shares during the period.

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.